451 Division Street, Kingston, ON K7K 4A8

Kingston K7K 4A8 Ontario

MLS: X12188277

$499,900

Added 1 day ago | For Sale

Listed by: RE/MAX SERVICE FIRST REALTY INC., BROKERAGE

About Property

BUILDING FOR SALE ONLY: Stand alone commercial building on a prime corner lot in downtown Kingston. Strong return with existing tenancy and revenue. Net annual rent to Seller/Landlord is: $31 213.13. Tenant has leased and occupied the property since 1984. Seller has owned the property since 1985. Current Lease renewal in place until June 30th, 2029, with 2 further options until 2039. Lease is a Head Corporate, Triple Net lease, with all costs paid for by the tenant. No Environmental Reports on file. Property is being sold as is where is, Buyer to conduct their own due diligence. Offers to be received no later than 12:00 pm on June 17th, 2025. ALL offers MUST have a minimum 48 hour irrevocable, and any completion date must be on or after the 16th of September 2025. Lease documents on file and will only be released upon a fully completed NDA/CA.

Features

  • House Style:Commercial Retail
  • Bathrooms:
  • Land Size: 82.4 X 101.2
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:
  • Cross Street:Stephen Street & Division Street
  • Basement: ,
  • Possession Date:The closing can be Sept 15th, 2025 of anytime after that date
  • Annual Property taxes: $14938.91
  • Bedrooms:
  • Total Parking Spaces:
  • Parking Places:
  • Heating Type:Gas Forced Air Closed
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:X12188277

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