Business For Sale · Retail

54 JAMES STREET, Parry Sound

54 JAMES STREET, Parry Sound, ON P2A1T5

$299,999 total

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Asset Class

Retail

Size

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Building class

B

Zoning

CB1 — Low Intensity Business

$ / SF

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Occupancy

92%

About this property

Visit the REALTOR website for further information about this Listing. A rare opportunity to own a downtown commercial property in the heart of Parry Sound. Whether you're an entrepreneur looking for an affordable location for your own business, an investor looking for a downtown commercial property, or someone looking for a property with future redevelopment possibilities, 54 James Street offers exceptional flexibility. Located on James Street in downtown Parry Sound, this approximately 1,064 sq. ft. two-storey building with a basement sits on a compact 14' 73' lot and is zoned C1 General Commercial. The building offers two full above-grade levels plus a basement, with a bathroom on both the main level and upper level, providing practical flexibility for a variety of potential commercial uses. Flexible C1 zoning,The C1 General Commercial zoning permits a broad range of commercial uses, giving a future owner numerous possibilities for the property. Potential permitted uses include: Retail & Business Retail store Professional or business office Personal service establishment Service shop Financial institution Wholesale/retail establishment Food & Hospitality Restaurant Bakery Hotel Lodging/tourist accommodation Professional & Service Clinic Veterinary clinic Commercial school or training facility Art gallery Printing establishment Dry cleaning establishment Laundromat Custom workshop Equipment rental Entertainment & Recreation Entertainment establishment Place of amusement Recreational uses Automotive & Marine Automotive sales Auto repair/service Car wash Motor vehicle rental Marine-related retail Recreational vehicle sales/storage/repair Other commercial opportunities Building supply Garden/nursery centre Storage/mini-warehouse Parking-related uses And other uses permitted under the C1 zone. The C1 zoning also recognizes residential uses, including a converted dwelling, as permitted uses. (id:66811)

Financial sandbox

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Estimate
Purchase price$300K
Down payment30% · $90K
Interest rate6.25%
Amortization25 years
Occupancy92%
Expense growth2.5%

Monthly debt service

$1K

Projected NOI

$19K

Annual cash flow

$2K

Cash-on-cash

2.30%

DSCR

1.12

Going-in cap

6.23%

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

54,754

Households

22,068

Median income

$136,500

Median age

39.1

Daytime population

69,873

5-yr growth

3.7%

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

Secure deal room

Confidential diligence documents for 54 JAMES STREET, Parry Sound.

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.