1/27817517 NIPISSING ROAD, Cobalt
817517 NIPISSING ROAD, Cobalt, ON P0J1C0
$198,000 total
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Asset Class
Industrial
Size
—
Building class
C
Zoning
IM — Medium Industrial
$ / SF
—
Occupancy
95%
Lot Size
3.07 ac
Clear height
34 ft
Loading docks
1
About this property
This 3.07 acre property with a scenic view of Cobalt Lake is located in the heart of the historic touristic mining camp of Cobalt. The property is divided into two parts by Nipissing Road and offers potential for a variety of commercial or industrial uses. Included is a 13,487 sq. ft. multi- level brick building, as well as a 40' x 70' Quonset hut situated on a cement pad. The Quonset hut is divided into aproximately 40' x 35' storage bays, with a door opening of approximately 12.6' x 12.6', providing convenient access for storage. As an added benefit, Hydro One is leasing a portion of the property generating income. Multiple CMI, RU-F zoning uses for the property include accessory dwelling unit or house, bulk storage, building supply outlet, commercial garage, equipment rental, manufacturing plant, warehouse, construction business, and more opportunities are available. (id:66811)
Financial sandbox
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Monthly debt service
$914
Projected NOI
$11K
Annual cash flow
$412
Cash-on-cash
0.69%
DSCR
1.04
Going-in cap
5.75%
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
63,764
Households
22,589
Median income
$89,500
Median age
45
Daytime population
86,225
5-yr growth
2%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 817517 NIPISSING ROAD, Cobalt.
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.