970 Highway 7 Highway Rear, Otonabee-South Monaghan, ON K9J 6X7

Otonabee-South Monaghan K9J 6X7 Ontario

MLS: X12391736

$400,000

Added 6 hours ago | For Sale

Listed by: RE/MAX ESCARPMENT REALTY INC.

About Property

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 #X12391739

Features

  • House Style:Sale Of Business
  • Bathrooms:
  • Land Size: 113 X 235
  • Water:Well
  • Garage Spaces: /Other
  • Driveway:
  • Heating Fuel:
  • Cross Street:Highway 7 And Lancaster Rd.
  • Basement: ,
  • Possession Date:Immediat
  • Annual Property taxes: $792.36
  • Bedrooms:
  • Total Parking Spaces:
  • Parking Places:
  • Heating Type:Gas Forced Air Closed
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:X12391736

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