25 Main Street E Norwich, Ontario N0J 1P0
$2,000,000
Looking for an investment with a return with a 7.5% cap rate? This property is operated as a retirement home with 20 beds, main floor kitchen plus an on-site residence for the owners, a car port , ample parking, and substantial upgrades over the past seven years, including a new elevator, fire suppression systems, windows, stand by generator, and much more. This is a building/land sale only. The tenant will sign a 5 year triple net lease with an extension option for a further 10 years. (id:59247)
Property Details
| MLS® Number | 40567108 |
| Property Type | Office |
| CommunicationType | High Speed Internet |
| Features | Elevator, Paved Driveway, Passenger Elevator |
| ParkingSpaceTotal | 10 |
Building
| BasementType | Full |
| ExteriorFinish | Brick |
| FireProtection | Alarm System |
| FoundationType | Poured Concrete |
| StoriesTotal | 2 |
| SizeExterior | 10276.0000 |
| SizeInterior | 10276 Sqft |
| UtilityWater | Municipal Water |
Parking
| Attached Garage |
Land
| AccessType | Road Access, Highway Access |
| Acreage | No |
| Sewer | Municipal Sewage System |
| SizeDepth | 171 Ft |
| SizeFrontage | 131 Ft |
| SizeIrregular | 0.519 |
| SizeTotal | 0.519 Ac|1/2 - 1.99 Acres |
| SizeTotalText | 0.519 Ac|1/2 - 1.99 Acres |
| ZoningDescription | I-2 |
Utilities
| Electricity | Available |
| Natural Gas | Available |
| Telephone | Available |
https://www.realtor.ca/real-estate/26721759/25-main-street-e-norwich
Interested?
Contact us for more information
Marius Kerkhoff
Broker
2 Main Street East
Norwich, Ontario N0J 1P0
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June 18 2024 03:59:57
RE/MAX A-B Realty Ltd Brokerage