Business For Sale · Industrial

76 MAIN, Kingsville

76 MAIN, Kingsville, ON N9Y1A2

$2.0M total

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Asset Class

Industrial

Size

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Building class

C

Zoning

IM — Medium Industrial

$ / SF

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Occupancy

93%

Clear height

29 ft

Loading docks

11

About this property

THE CHARM, AMBIANCE & PHENOMENAL LOCATION CONTINUE TO DRAW VISITORS FROM LONDON, CHATHAM, DETROIT, WINDSOR & SURROUNDING AREAS. THIS BEAUTIFULLY APPOINTED PROPERTY HAS BEEN COMPLETELY RENOVATED FROM TOP TO BOTTOM WITH EXTENSIVE UPDATES THROUGHOUT INCLUDING ELECTRICAL, PLUMBING, ROOFING, WINDOWS, FLOORING, HVAC & MORE. FEATURES A STUNNING FULLY FINISHED ONE-BEDROOM LUXURY UNIT PERFECT FOR OWNER OCCUPANCY, IN-LAW SUITE OR ADDITIONAL INCOME POTENTIAL. NESTLED AMONG WINERIES, GOLF COURSES, PARKS, BEACHES & TOURISM DESTINATIONS, THIS TURN-KEY PROPERTY OFFERS EXCEPTIONAL CHARACTER, MODERN UPDATES & ENDLESS OPPORTUNITY. COMPLETE WITH FIREPLACES, MULTIPLE FURNACES & A/C UNITS, WHEELCHAIR ACCESSIBILITY, BEAUTIFUL LANDSCAPING & AMPLE ON-SITE PARKING. A RARE INVESTMENT IN A PRIME KINGSVILLE LOCATION. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.97M
Down payment30% · $591K
Interest rate6.25%
Amortization25 years
Occupancy93%
Expense growth2.5%

Monthly debt service

$9K

Projected NOI

$100K

Annual cash flow

$-9K

Cash-on-cash

-1.52%

DSCR

0.92

Going-in cap

5.09%

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

128,727

Households

48,180

Median income

$79,000

Median age

40

Daytime population

205,098

5-yr growth

7.5%

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

Secure deal room

Confidential diligence documents for 76 MAIN, Kingsville.

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.