529,Sarnia, ON N7T 5W5
Sarnia, ON N7T 5W5
Description
CALLING ALL INVESTORS & ENTREPRENEURS! NOT ONE, NOT TWO, BUT THREE TENANTED PROPERTIES!!UNBELIEVABLE INVESTMENT OPPORTUNITY TO OWN THREE COMMERCIAL & RESIDENTIAL MIXED-USEBUILDINGS KNOWN AS #529, #533 & #537 CHRISTINA ST.N., SARNIA. 138' FT OF FRONTAGE X 132'DEPTH LOTS OF PRIME REAL ESTATE WITH HIGH VISIBILITY AND TRAFFIC COUNT SITUATED IN THE DOWNTOWN CORE, CLOSE PROXIMITY TO SARNIA'S CENTENNIAL PARK & BEAUTIFUL WATERFRONT. THIS PARCEL BOASTS A: 3 BEDROOM, 1 BATH HOUSE WITH A UPPER 2+ BEDROOM, RESIDENTIAL TENANTED APARTMENTS & COMMERCIAL BUILDINGS THAT HAVE BEEN HOME FOR OVER 60 YEARS TO ESTABLISHED FAMILY OWNED TRAVEL AGENCY & PRINTING COMPANY, BOTH SARNIA LANDMARKS, AS WELL AS A LOCAL MULTI-CUISINE TAKE OUT. THIS PACKAGE DEAL OFFERS LOTS OF ROOM TO EXPAND OR CREATE NEW BUSINESS & DEVELOPMENT. CURRENTLY, A GOOD GENERATING INCOME PER YEAR WITH A 7% CAP RATE, WHICH COULD INCREASE WITH FURTHER DEVELOPMENT OF THE LAND WITH (GC3) GENERAL COMMERCIAL 3 ZONING. LOCATED NEAR THE BLUE WATER BRIDGES (US BORDER) & HWY 402 MAKING COMMUTING EASY. ON SITE FRONT & BACK PARKING PROVIDES EASY ACCESS FOR CLIENTELE. THE LOCATION IS YOUR BLANK CANVAS READY FOR ENDLESS POSSIBILITIES! ADD THIS RARE REAL ESTATE PARCEL TO YOUR PORTOFOLIO TODAY, IT IS ALREADY MAKING GOOD MONEY! NEW DEVELOPMENT IS A STONE'S THROW AWAY AT THE CHRISTINA ST/EXMOUTH ST CORRIDOR, BRINGING NEW GROWTH TO THE SARNIA COMMUNITY. ONE OF THE SELLERS IS A LICENSED REAL ESTATE AGENTIN THE PROVINCE OF ONTARIO.
Details
| MLS # | 40729689 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 59 |
| Listing Provided By | RE/MAX METROPOLIS REALTY | Laurie Somers |
Features
| SQ Feet | 18,295 |
|---|---|
| Story(s) | 2 |
| Zoning | GC-3 |
| Acreage | 0.42 |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Lambton |
| City | Sarnia |
| Postal Code | N7T 5W5 |
| Area | Sarnia |
| Subarea | Sarnia |
| Community Name | Sarnia |
| Listing VS Median (in Sarnia) | |
Price: $1,749,700 low | high Med: $399,000 SqFt: 18,295 low | high Med: 1,200 $ / SqFt: $96 low | high Med: $333 On site: 59 low | high Med: 80.000000 | |
