23 Booth Street Oro-Medonte, Ontario L0L 1T0
$3,625,000
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, AND MUCH MORE. THE TWO TENANTS AT THE FRONT ARE RETAIL TENANTS WHILE THE 2 TENANTS IN THE REAR (ONE IS OWNER WHO CAN MOVE SHOULD A USER WISH TO OCCUPY THEIR UNIT) 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 5.5 CAP RATE. ASK LISTING AGENT FOR COPY OF COMPREHENSIVE MARKETING PACKAGE. BE SURE TO CHECK OUT VIDEO ATTACHMENT. SHOWINGS DURING REGULAR BUSINESS HOURS ONLY. (id:47723)
Business
| Name | Simcoe Benchmark |
Property Details
| MLS® Number | 40290117 |
| Property Type | Retail |
| Amenities Near By | Golf Nearby |
| Community Features | High Traffic Area |
| Features | Visual Exposure, Golf Course/parkland |
| Sign Type | Pylon |
Building
| Basement Type | None |
| Constructed Date | 1975 |
| Construction Material | Concrete Block, Concrete Walls, Wood Frame |
| Construction Style Attachment | Detached |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Concrete, Metal, Wood |
| Fire Protection | Alarm System |
| Flooring Type | Concrete, Hardwood, Linoleum |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Exterior | 15200.0000 |
| Type | Retail |
| Utility Water | Bored Well |
Land
| Access Type | Road Access, Highway Access, Highway Nearby |
| Acreage | Yes |
| Land Amenities | Golf Nearby |
| Sewer | Septic System |
| Size Depth | 349 Ft |
| Size Frontage | 190 Ft |
| Size Irregular | 1.522 |
| Size Total | 1.522 Ac|1/2 - 1.99 Acres |
| Size Total Text | 1.522 Ac|1/2 - 1.99 Acres |
| Zoning Description | Commercial |
https://www.realtor.ca/real-estate/24624597/23-booth-street-oro-medonte
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July 07 2022 11:37:51
Barrie & District Association of REALTORS® Inc.
Sutton Group Incentive Realty Inc. Brokerage