1720 Algonquin Avenue, North Bay, Ontario P1B 4Y9 (26250637)
1720 Algonquin Avenue North Bay, Ontario P1B 4Y9
$799,900
This commercial/retail building draws a large traffic flow from all the major roads surrounding it. High-traffic and high-exposure are huge benefits of this location. Currently leased out with good terms and tenants wanting to stay, but leases can be bought out buy seller if an owner-occupier wishes to use the space for themselves. Gross rents are $4700 per month for the two spaces, or $56,400 per year, tenants pay all expenses - triple net lease. 7% CAP rate investment for the investor buyer! Lots of parking, easy access, and great condition make this an amazing investment property. VTB options available. 1870 sq ft on main level and 1300 sq ft in the basement. (id:48850)
Property Details
| MLS® Number | 40509522 |
| Property Type | Retail |
| Amenities Near By | Airport, Hospital, Public Transit |
| Communication Type | High Speed Internet |
| Community Features | High Traffic Area |
| Features | Paved Driveway |
Building
| Basement Type | Partial |
| Exterior Finish | Brick |
| Fire Protection | Alarm System |
| Foundation Type | Poured Concrete |
| Stories Total | 1 |
| Size Exterior | 1870.0000 |
Land
| Access Type | Highway Access |
| Acreage | No |
| Land Amenities | Airport, Hospital, Public Transit |
| Sewer | Municipal Sewage System |
| Size Depth | 91 Ft |
| Size Frontage | 60 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | C4 |
Utilities
| Electricity | Available |
| Natural Gas | Available |
| Telephone | Available |
https://www.realtor.ca/real-estate/26250637/1720-algonquin-avenue-north-bay
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November 21 2023 02:15:57
Kitchener-Waterloo Association of REALTORS®
Davenport Realty Brokerage