Business For Sale · Specialty

392 Second LIN W, Sault Ste. Marie

392 Second LIN W, Sault Ste. Marie, ON P6C2J7

$599,900 total

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Asset Class

Specialty

Size

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Building class

B

Zoning

US — Urban Services

$ / SF

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Occupancy

82%

About this property

EXCELLENT COMMERCIAL / RESIDENTIAL INVESTMENT OPPORTUNITY! Fantastic location offering outstanding visibility and exposure! This extensively renovated commercial/residential building showcases quality finishes throughout and is truly move-in ready. The main floor is currently configured as a professional chiropractic office, featuring a spacious reception area, four examination rooms, a private office, washroom, and two separate entrances. An ideal setup for another chiropractic practice, law firm, professional office, or a variety of other business opportunities. The finished lower level offers even more potential, with its own separate entrance, two rooms, waiting area, and washroom. Perfect for an esthetician, massage therapist, or another complementary professional service. Adding even more value is a modern, self-contained two-bedroom apartment on the upper level, complete with its own private entrance and parking. The current tenant pays $1,400 per month, providing a great source of additional income to help offset ownership costs. Additional features include efficient gas hot water heating, central air conditioning, and paved parking. Extensively upgraded, exceptionally well maintained, and offering multiple income opportunities, this is a fantastic property for an owner-operator or investor looking for a versatile commercial/residential building in a high-visibility location. Nothing to do but move in and make it work for you! Opportunities like this don't come along every day. Call today for more information or to book your private viewing! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$600K
Down payment30% · $180K
Interest rate6.25%
Amortization25 years
Occupancy82%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$36K

Annual cash flow

$3K

Cash-on-cash

1.71%

DSCR

1.09

Going-in cap

6.05%

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

57,632

Households

25,740

Median income

$102,500

Median age

45.2

Daytime population

54,080

5-yr growth

5.1%

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

Secure deal room

Confidential diligence documents for 392 Second LIN W, Sault Ste. Marie.

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.