For Sale · Retail

6215 165 AVENUE, South Glengarry

6215 165 AVENUE, South Glengarry, ON K0C1E0

$1.5M total

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Asset Class

Retail

Size

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Building class

C

Zoning

CSC — Shopping Centre

$ / SF

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Occupancy

92%

Lot Size

3.646 ac

About this property

Outstanding investment and business opportunity in Bainsville! Set on approximately 3.664 acres and zoned Highway Commercial (CH), this property offers exceptional flexibility for investors, contractors, business owners and developers looking for a property with room to grow.The site includes a 36' x 56' insulated and propane-heated commercial building with 16' ceilings, two 14' electric overhead garage doors, a 200-amp main electrical service and an additional 100-amp sub-panel. The building is ideally suited for equipment, vehicles, workshop use, warehousing, trades or other commercial operations.An approximately 40' x 36' second-level mezzanine provides valuable additional space and offers potential for conversion to an apartment, subject to applicable approvals and requirements.The real value is in the combination of the existing building and approximately 3.664 acres of commercial land. The generous lot provides opportunities for additional structures, outdoor storage, parking, business expansion or future redevelopment. Investors may also wish to explore the potential for a mini-storage facility or other income-producing commercial uses, subject to municipal and zoning approvals.The property currently has no well or septic system.A rare opportunity to secure a sizeable commercial parcel with an existing heated building and substantial future potential in South Glengarry. Ideal for buyers seeking a property they can operate from today while planning for expansion and increased value over time. Buyers to verify permitted uses, zoning, servicing and development possibilities with the municipality. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy92%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$82K

Annual cash flow

$-773

Cash-on-cash

-0.17%

DSCR

0.99

Going-in cap

5.49%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

103,694

Households

39,612

Median income

$63,500

Median age

40

Daytime population

159,160

5-yr growth

3.2%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 6215 165 AVENUE, South Glengarry.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.