For Sale · Industrial

77 BOWDEN STREET, Fort Erie (Central)

77 BOWDEN STREET, Fort Erie (Central), ON L2A6P7

$1.2M total

7,500 SF

Asset Class

Industrial

Size

7,500 SF

Building class

B

Zoning

IM — Medium Industrial

$ / SF

$160

Occupancy

92%

Lot Size

0.87 ac

Clear height

23 ft

Loading docks

4

About this property

Exceptional opportunity for investors and business owners in a prime Fort Erie location. Located at 77 Bowden Street, this versatile commercial property is just minutes from the U.S. border, downtown Fort Erie and major highway access, offering excellent connectivity for local and regional business operations. Situated on just under an acre lot, the site currently features a solid concrete industrial building with a metal roof and six bay doors, configured into three units, providing flexibility for owner-users or investors seeking immediate income with long-term flexibility. The first unit features forced air heating, three-phase power and second-floor storage, while the remaining two units are equipped with radiant propane heating and 200-amp electrical service. All units are on separate electrical meters, supporting multi-tenant occupancy. The property allows for a range of commercial and retail uses, with the potential for future redevelopment or site intensification, including multi-level residential development, subject to municipal approvals. This flexibility makes the property well-suited for a variety of investment and business strategies, including long-term repositioning. The property also benefits from ample yard space with truck and trailer access, enhancing its appeal for trades, logistics, automotive or service-based uses. A rare opportunity to acquire a highly adaptable asset in a growing area of Fort Erie with strong long-term value and upside. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.20M
Down payment30% · $360K
Interest rate6.25%
Amortization25 years
Occupancy92%
Expense growth2.5%

Monthly debt service

$6K

Projected NOI

$67K

Annual cash flow

$71

Cash-on-cash

0.02%

DSCR

1.00

Going-in cap

5.55%

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.

Rent roll (estimated)

TenantAreaExpiry
Vector Robotics2,523 SF2034-10
Vector Robotics4,392 SF2034-10

Area demographics

Trade area within 3 miles of the property.

Population

54,623

Households

23,244

Median income

$87,000

Median age

44

Daytime population

79,158

5-yr growth

3.1%

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

Secure deal room

Confidential diligence documents for 77 BOWDEN STREET, Fort Erie (Central).

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.