$ 2,000,000
25 MAIN Street E Norwich, ON N0J1P0
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$ 2,000,000
Est. payment | /mo
10,276 SqFt
$ 2,000,000
Est. payment | /mo
10,276 SqFt
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 10,276 sqft
Price per Sqft $194
Subdivision Norwich Town
MLS® Listing ID 40567108
Originating Board Woodstock Ingersoll Tillsonburg and Area Association of REALTORS® (WITAAR)
Lot Size 0.519 Acres
Acres 22607.64
Property Description
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:24570)
Location
Province ON
Exterior
Garage Yes
Waterfront No
View Y/N No
Total Parking Spaces 10
Private Pool No
Building
Story 2
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by Re/Max a-b Realty Ltd Brokerage