North Bay Commercial for sale: Commercial Retail, Shopping Center, Office (Listed 2017-06-01)

Overview

524 Lakeshore Dr, North Bay, ON

MLS®#: 484404005727600
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  • Property Value$2,450,000
  • Property Address524 Lakeshore Dr, North Bay, ON, P1A 2E4, Canada
  • TypeCommercial
  • StyleCommercial Retail, Shopping Center, Office
  • ParkingMultiple common area spots
  • Lot Frontage187.01 ft
  • Lot Depth300 ft
  • BedroomsStudio

524 Lakeshore Dr, North Bay, ON, P1A 2E4, Canada

Description

524 Lakeshore Dr Commercial Retail Plaza with C5-sp2 zoning and four established long term tenants. Building is approximately 15,400 sqft on a 187 ft x 300 ft corner lot fronting on Lakeshore Dr and Marshall Park Dr. Solid returns including Gross Income of $277,574.43 Total Expenses $82098.15 with a Net Income of $195,476.28. One unit is vacant 2100 sqft and actively being marketed on MLS for lease at $14 per foot triple net and is included in the Gross Income analysis. All leases are triple Net, membrane roof under 10 yrs, multiple HVAC units, 3 phase electrical, multiple common area parking spaces.

Listing Provided By

Mike Burman - REALTY EXECUTIVES Local Group Inc., Brokerage

 Real Estate Listing provided by
  • REALTY EXECUTIVES Local Group Inc. Brokerage
  • 73 Lakeshore Dr
  • North Bay, ON
  • P1A2A5