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$660,000 total
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Asset Class
Retail
Size
—
Building class
A
Zoning
CB1 — Low Intensity Business
$ / SF
—
Occupancy
93%
Lot Size
0.062 ac
An exceptional opportunity for an owner-occupier to establish their business along Burlington's evolving Plains Road corridor. This freehold commercial unit offers the benefits of ownership without the structure of a commercial condominium, along with exceptionally low annual maintenance fees. Featuring excellent street exposure, strong visibility and ample parking at both the front and rear, the property is well suited to a variety of retail, service and professional office uses. Currently home to a long established barbershop, the property benefits from Mixed Use General zoning, offering flexibility for a range of business opportunities. Conveniently situated along a major transit route with quick access to nearby highways, the location provides excellent accessibility for customers and staff. With ongoing investment and revitalization along Plains Road, this is an excellent opportunity to secure a highly visible commercial property in an increasingly desirable Burlington location. (id:66811)
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Monthly debt service
$3K
Projected NOI
$33K
Annual cash flow
$-4K
Cash-on-cash
-2.04%
DSCR
0.89
Going-in cap
4.93%
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.
Trade area within 3 miles of the property.
Population
124,798
Households
51,459
Median income
$98,000
Median age
34.1
Daytime population
210,630
5-yr growth
1.5%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 568 PLAINS ROAD, Burlington (LaSalle).
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.