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147 Main Street Morrisburg, Ontario K0C 1X0

$999,999

5 Unit strip mall , located in the commercial zone of the Morrisburg Mall hub. High Visibility with direct client parking , with strong foot traffic & County rd. 2 sign/building visibility. Currently all 5 units fully leased however one tenant month to month and will be leaving at end of term in 2 months. Currently negotiating with prospective tenant for this final space in plaza . Units have sign options facing west and north. Opportunity to purchase a commercial building for your investment portfolio with a 5.1% capitalization rate. Mall has recently negotiated a new 5yr+5 option lease with a restaurant , property will emerge as a great upside investment after Covid. Unit sizes (sq. Ft.) are 1A-680,1B-1400,2- 1170, 3-1025, 4-420. Seller is currently involved in renovations in 3 units as part of new leases . New restaurant will be occupying 1-A,4,and 1-b . Listing realtor must attend all showings, Financials available with accepted offer as per Form 244 Seller's Direction. (id:37611)

Property Details

MLS® Number 1223329
Property Type Retail
Neigbourhood MORRISBURG
Parking Space Total 15

Building

Fireplace Present No

Land

Acreage No
Size Depth 152 Ft ,7 In
Size Frontage 102 Ft
Size Irregular 102 Ft X 152.57 Ft
Size Total Text 102 Ft X 152.57 Ft
Zoning Description Commercial

https://www.realtor.ca/real-estate/22731892/147-main-street-morrisburg-morrisburg

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