
7&9 King St W (King St & Division St)
Price: $1,399,900
Status: For Sale
MLS®#: X5655474
- Tax: $16,101/Annual (2021)
- Community:Cobourg
- City:Cobourg
- Type:Commercial
- Style:Investment
- Size: 7,550 Sq Ft
- Garage:Outside/Surface
Features:
- HeatingGas Forced Air Closd
- Sewer/Water SystemsMunicipal
Listing Contracted With: IPRO REALTY LTD., BROKERAGE
Description
Cap Rate Potential Of 6+%.Down Town Core -5000 Sq Ft Of Commercial Retail Space + 2 Apartments At The Intersection Of The 2 Main Arterial Streets Of Cobourg.. Amazing Location . Minutes Drive From 401 And A 2 Minutes Walk From Cobourg Beach And The New Condo Development. Ideal For Investors/Self User/Entrepreneur, Unlimited Potential To Set Up Any Successful Business. 17,000+ Per Day Traffic Count(2018).
Highlights
Very Successful Restaurant On Site (Since 1964) With 80 Seats And Huge Commercial Kitchen . The Other Unit Has An Accounting Firm As A Tenant. 2 Apartments On Upper Level.8 Parking Spots Behind The Property. Very Well Maintained Building.
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