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X5749133
$3,400,000

500 Ball St (University/ Ball St)

Price: $3,400,000

Status: For Sale 

MLS®#: X5749133

$3,400,000
  • Tax: $16,000/Annual (2022)
  • Community:Cobourg
  • City:Cobourg
  • Type:Commercial
  • Style:Investment
  • Basement:Y
  • Garage:Other
  • Age:16-30 Years Old

Features:

  • HeatingBaseboard
  • Sewer/Water SystemsSan+Storm Avail, Municipal

Listing Contracted With: IPRO REALTY LTD., BROKERAGE

Description

Potential 6.25+% Cap Rate. All Existing Leases Are Triple Net. General Industrial / Commercial Zoning With Many Upsides. Multiple Buildings And Structures For Rental Income With Many Options To Increase Income . Also Possible To Severe Lands Facing Furnace Street And Sell Separately. This Property Is Close To Downtown Location Within Minutes To 401 And Lake Ontario. Also Has Potential Of Being An Infill Site - Refer Town Of Cobourg Tannery Plan (Attached).


Highlights

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Alla Poltavski

Sales Representative

iPro Realty Brokerage