2000 sqft
$400,000
Excellent Opportunity To Acquire A Well-Established Profitable Business On Busy Highway 7 (Trans-Canada Highway) Just East Of The City Of Peterborough. Family Owned For 40 Years. Combined Area Approx 2 Acres. Selling At 8.7% CAP Rate Despite Being Underutilized And Remotely Managed In Recent Years. Huge Upside Potential, Below Market Rents With Room To Expand To Increase Revenue. 118 Units In Buildings, 39 Seacans With Potential To Add More Onto Parking Areas, 37 Parking Spaces, 6 Offices. Financials Available With An NDA. Property Must Be Sold Along With 970 HIGHWAY 7 MLS #40767697 (id:41954)
Business
Property Details
MLS® Number
|
40767684 |
Property Type
|
Other |
Community Features
|
High Traffic Area |
Building
Basement Type
|
None |
Size Exterior
|
2000.0000 |
Size Interior
|
2000 Sqft |
Utility Water
|
Well |
Land
Access Type
|
Road Access, Highway Access |
Acreage
|
No |
Sewer
|
Septic System |
Size Depth
|
235 Ft |
Size Frontage
|
113 Ft |
Size Total Text
|
1/2 - 1.99 Acres |
Zoning Description
|
Gc |
https://www.realtor.ca/real-estate/28836058/970-highway-7-highway-unit-rear-peterborough