Margo Moritz // 705-727-7234 // mmoritz@sutton.com

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23 BOOTH Street in Oro-Medonte: Retail for sale : MLS®# 40322150

23 BOOTH Street Oro-Medonte L0L1T0 :

Main Photo: 23 BOOTH Street in Oro-Medonte: Retail for sale : MLS®# 40322150
$2,999,900
Prop. Type:
Retail
MLS® Num:
40322150
Status:
Active
Build. Type:
Retail
INVESTOR/USERS DREAM! NEWLY RENOVATED COMMERCIAL BUILDING FACING BUSY HWY 11. THIS MULTI-TENANT BUILDING FEATURES 4 UNITS - 2 IN THE FRONT AND 2 IN THE REAR. PLUS APPROX 1/2 ACRE OF DESIRABLE OUTSIDE STORAGE. SINCE THE CURRENT OWNER PURCHASED THE BUILDING THEY HAVE DONE NEARLY $1M IN IMPROVEMENTS INCLUDING BUT NOT LIMITED TO A NEW ROOF, NEW HVAC, NEW SEPTIC, CREATION OF NEW REAR YARD, NEW DRAINAGE, NEW GAS LINE RUN INTO BUILDING (REPLACEMENT OF OIL HEATING), NEW LIGHTING, NEW FLOORING, NEW WASHROOMS, NEW STATE OF THE ART SECURITY SYSTEM, NEW SECURITY FENCE, NEW PAINT, NEW SEPERATE METERS, AND MUCH MORE. THE TWO TENANTS AT THE FRONT ARE RETAIL TENANTS WHILE THERE IS TWO UNITS IN THE REAR. ONE BEING RECENTLY EMPTY, AND OTHER IS OWNER WHO CAN MOVE SHOULD A USER WISH TO OCCUPY THEIR UNIT. TWO BACK UNITS ARE MORE OF AN INDUSTRIAL USE ALLOWABLE UNDER THE CUSTOM WORKSHOP USE IN ORO'S COMMERCIAL BY-LAW. ALL TENANTS ARE SEPARATELY METERED FOR NET UTILITIES. THE BUILDING GENERATES EXCELLENT REVENUE AND THE ASKING PRICE REFLECTS A 6.5 CAP RATE. ASK LISTING AGENT FOR COPY OF COMPREHENSIVE MARKETING PACKAGE. BE SURE TO CHECK OUT VIDEO ATTACHMENT. SHOWINGS DURING REGULAR BUSINESS HOURS ONLY. IF AN OWNER OCCUPIER NEEDS SPACE APPROX 4800 SF AT THE REAR CAN BE MADE AVAILABLE FOR A USER BY TERMINATING TWO OF THE LEASES. THE TWO UNITS ARE ADJACENT TO EACH OTHER AND CAN BE COMBINED. (id:2493)
Property Type:
Retail
Transaction Type:
For sale
Zoning:
Commercial
Ownership Type:
Freehold
Sign Type:
Pylon
Amenities:
Golf Nearby
Features:
Visual exposure, Golf course/parkland
Community Features:
High Traffic Area
Business Name:
Simcoe Benchmark
Building Type:
Retail
Age:
47 years
Construction Material:
Concrete block, Concrete Walls, Wood frame
Construction Style Attachment:
Detached
Cooling:
Central air conditioning
Exterior Finish:
Concrete, Metal, Wood
Fireplace:
No
Fire Protection:
Alarm system
Floor finish:
Concrete, Hardwood, Linoleum
Heating:
Forced air
# Storeys:
1.5
Water:
Bored Well
Sewer:
Septic System
Basement:
None
Land Amenities:
Golf Nearby
Road Access:
Road access, Highway access, Highway Nearby
Size Exterior:
Switch units of measure15,200 sq. ft.
Lot Frontage:
Switch units of measure190'
Lot Depth:
Switch units of measure349'
Acreage:
Yes
Lot Size:
Switch units of measure1.522 acre(s)
Lot Size:
1.522 ac|1/2 - 1.99 acres
Lot Details:
1.522
Listed by Phillip Moore of Sutton Group Incentive Realty Inc. Brokerage
Data was last updated December 6, 2022 at 02:15 AM (UTC)
MARGO MORITZ
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