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X5655474
$1,399,900

7&9 King St W (King St & Division St)

Price: $1,399,900

Status: For Sale 

MLS®#: X5655474

$1,399,900
  • 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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Alla Poltavski

Sales Representative

iPro Realty Brokerage

Web4Realty

Real Estate Websites by Web4Realty

https://web4realty.com/