March 25, 2024
- 10 min read
202421 Highway 21 N Georgian Bluffs, Ontario N4K 5N7
$799,000
3,500 ft2
Fully Air Conditioned
Other
Fantastic investment opportunity on the highly visible and bustling Sunset Strip (Highway 21), just outside Owen Sound. This well-maintained commercial building offers exceptional exposure, ample on-site parking, and over 3,500 square feet of space. The main floor features a large reception area, 10 individual usable rooms plus a laundry room, storage room and a 2-piece bathroom. This C4 zoned commercial space offers flexibility for a variety of commercial or professional uses. The upstairs has a 3-bedroom, 1.5-bath apartment which is included in the current lease. The property currently has an excellent long-term commercial tenant. The tenant has the option to rent for the next 16 years. It has an excellent triple net lease, so the taxes, bills, general repairs, and insurance are covered by the tenant. The 6.5 cap rate makes it an ideal property for all investors. If you are looking to expand your commercial portfolio this property checks all the boxes. (id:36109)
Business
| Business Type | Service |
| Business Sub Type | Miscellaneous services |
Property Details
| MLS® Number | X12303135 |
| Property Type | Retail |
| Community Name | Georgian Bluffs |
| Amenities Near By | Highway |
| Parking Space Total | 10 |
Building
| Age | 51 To 99 Years |
| Cooling Type | Fully Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Other |
| Size Interior | 3,500 Ft2 |
| Utility Water | Drilled Well |
Land
| Acreage | No |
| Land Amenities | Highway |
| Sewer | Septic System |
| Size Depth | 190 Ft |
| Size Frontage | 80 Ft |
| Size Irregular | 80 X 190 Ft |
| Size Total Text | 80 X 190 Ft |
| Zoning Description | C4 |
INQUIRE ABOUT
202421 Highway 21 N
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Ron Hopper Real Estate Ltd.
July 25 2025 12:21:02
