$799,000
Available - For Sale
Listing ID: X12303135
202421 Highway 21 N/A North , Georgian Bluffs, N4K 5N7, Grey County
| Fantastic investment opportunity on the highly visible and bustling Sunset Strip (Highway 21), just outside Owen Sound. This well-maintained commercial building offers exceptional exposure, ample on-site parking, and over 3,500 square feet of space. The main floor features a large reception area, 10 individual usable rooms plus a laundry room, storage room and a 2-piece bathroom. This C4 zoned commercial space offers flexibility for a variety of commercial or professional uses. The upstairs has a 3-bedroom, 1.5-bath apartment which is included in the current lease. The property currently has an excellent long-term commercial tenant. The tenant has the option to rent for the next 16 years. It has an excellent triple net lease, so the taxes, bills, general repairs, and insurance are covered by the tenant. The 6.5 cap rate makes it an ideal property for all investors. If you are looking to expand your commercial portfolio this property checks all the boxes. |
| Price | $799,000 |
| Taxes: | $5380.06 |
| Tax Type: | Annual |
| Assessment Year: | 2025 |
| Occupancy: | Tenant |
| Address: | 202421 Highway 21 N/A North , Georgian Bluffs, N4K 5N7, Grey County |
| Postal Code: | N4K 5N7 |
| Province/State: | Grey County |
| Legal Description: | PT LT 26-27 PL 535 DERBY AS IN R533831; |
| Directions/Cross Streets: | On Highway 21, just west of the Owen Sound city limits |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 | |
| Washroom Type 11 | 0 | |
| Washroom Type 12 | 0 | |
| Washroom Type 13 | 0 | |
| Washroom Type 14 | 0 | |
| Washroom Type 15 | 0 |
| Category: | Highway Commercial |
| Use: | Service Related |
| Building Percentage: | T |
| Total Area: | 3500.00 |
| Total Area Code: | Square Feet |
| Retail Area Code: | Sq Ft |
| Area Influences: | Major Highway |
| Approximatly Age: | 51-99 |
| Expenses Actual/Estimated: | $Est |
| Sprinklers: | No |
| Washrooms: | 0 |
| Outside Storage: | T |
| Heat Type: | Gas Forced Air Open |
| Central Air Conditioning: | Yes |
| Sewers: | Septic |
| Water: | Drilled W |
| Water Supply Types: | Drilled Well |
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| Ron Hopper Real Estate Ltd. |
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At a Glance:
| Type: | Com - Commercial Retail |
| Area: | Grey County |
| Municipality: | Georgian Bluffs |
| Neighbourhood: | Georgian Bluffs |
| Approximate Age: | 51-99 |
| Tax: | $5,380.06 |
| Fireplace: | N |
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