23 Booth Street Oro-Medonte, Ontario L0L 1T0

$2,999,900

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, NEW SEPERATE METERS, AND MUCH MORE. THE TWO TENANTS AT THE FRONT ARE RETAIL TENANTS WHILE THERE IS TWO UNITS IN THE REAR. ONE BEING RECENTLY EMPTY, AND OTHER IS OWNER WHO CAN MOVE SHOULD A USER WISH TO OCCUPY THEIR UNIT. TWO BACK UNITS 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 6.5 CAP RATE. ASK LISTING AGENT FOR COPY OF COMPREHENSIVE MARKETING PACKAGE. BE SURE TO CHECK OUT VIDEO ATTACHMENT. SHOWINGS DURING REGULAR BUSINESS HOURS ONLY. IF AN OWNER OCCUPIER NEEDS SPACE APPROX 4800 SF AT THE REAR CAN BE MADE AVAILABLE FOR A USER BY TERMINATING TWO OF THE LEASES. THE TWO UNITS ARE ADJACENT TO EACH OTHER AND CAN BE COMBINED. (id:38729)

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https://www.realtor.ca/real-estate/24866190/23-booth-street-oro-medonte