505 King Street Midland, Ontario L4R 3N5
$1,395,000
BUSINESS OPPURTUNITY FOR THE FUTURE, AND PASSIVE INCOME FOR THE PRESENT. This is a perfect opportunity for passive income with a residential component. The property is about .25 acres and has an existing convenience store on the main floor as well as a 2 bedroom apartment above. There is ample parking and it's in a high traffic area near the downtown core. The convenience store still has a lease until 2028 which should be more than enough to cover your mortgage. The store has a walk in cooler which accesses the bank of refrigerators and a storage room and washroom. If you aspire to own a convenience store, you could run your own store in this location once the lease is up, or renew the lease with the existing store owner. The 2 bedroom apartment will be vacant in early October 2024 and could be renovated and rented or you can stay in the apartment. Seller also owns #505 King Street, right next door so you could buy and own both properties. *** This listing is for land and building only. *** (id:51398)
Property Details
| MLS® Number | 40643577 |
| Property Type | Office |
| Amenities Near By | Hospital, Public Transit, Schools |
| Communication Type | High Speed Internet |
| Community Features | High Traffic Area |
| Features | Southern Exposure |
Building
| Basement Type | None |
| Construction Material | Concrete Block, Concrete Walls |
| Exterior Finish | Concrete, Vinyl Siding |
| Stories Total | 2 |
| Size Exterior | 4125.0000 |
| Size Interior | 4125 Sqft |
| Utility Water | Municipal Water |
Land
| Access Type | Highway Access |
| Acreage | No |
| Land Amenities | Hospital, Public Transit, Schools |
| Sewer | Municipal Sewage System |
| Size Depth | 165 Ft |
| Size Frontage | 66 Ft |
| Size Irregular | 0.25 |
| Size Total | 0.25 Ac|under 1/2 Acre |
| Size Total Text | 0.25 Ac|under 1/2 Acre |
| Zoning Description | Hc |
Utilities
| Electricity | Available |
| Natural Gas | Available |
| Telephone | Available |
https://www.realtor.ca/real-estate/27415944/505-king-street-midland
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PRESENTED BY
ANDREW JOHN COCKS
PRESIDENT / BROKER OF RECORD
COCKS INTERNATIONAL REALTY INC., BROKERAGE
212 HWY 141, PO BOX 120
UTTERSON ON, P0B1M0
OFFICE: (705) 640-0664
DIRECT: (705) 380-3166
FAX:(249) 700-0700
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September 20 2024 10:50:55
Muskoka Haliburton Orillia – The Lakelands Association of REALTORS®
Royal LePage In Touch Realty, Brokerage (Honey Harbour)