Business For Sale · Retail

3119 PRINCESS STREET, Kingston

3119 PRINCESS STREET, Kingston, ON K7L4V2

Price on request

—

Asset Class

Retail

Size

—

Building class

C

Zoning

CB1 — Low Intensity Business

$ / SF

—

Occupancy

99%

About this property

Princess Street Plaza - Prime Commercial Leasing Opportunity West Kingston. An exciting opportunity to become part of a brand-new commercial plaza currently under development in the highly desirable Collins-Bay Ridge area of west Kingston. Strategically located along Princess Street, this proposed two-storey commercial development is surrounded by thousands of existing homes, established residential communities, schools, large parks, and recreational amenities. The location offers an excellent opportunity to serve the growing residential population and its everyday commercial and professional service needs. Available Commercial Space : Main Floor - Approximately 13,000 Sq. Ft. The entire main floor is available for retail and neighbourhood commercial tenants, including: Pharmacy,Dental clinic, Nail salon, Cafés,Ice cream shops and Pizza store. Second Floor - Approximately 9,000 Sq. Ft. Ideal for professional offices and medical services, including: Medical doctors and healthcare practitioners, accountants, Lawyers, Real estate brokerages . Princess Street Plaza offers an excellent opportunity for businesses to establish themselves in one of west Kingston's established and growing residential markets. With approximately 22,000 square feet of commercial and professional space across two floors, the development is designed to bring convenient retail, dining, healthcare, and professional services together in one accessible neighbourhood destination. Businesses have an opportunity to secure their space early and work with the development team to accommodate their specific layout and operational requirements. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy99%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$88K

Annual cash flow

$5K

Cash-on-cash

1.03%

DSCR

1.06

Going-in cap

5.85%

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

87,052

Households

41,359

Median income

$84,500

Median age

41.1

Daytime population

79,941

5-yr growth

1.2%

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

Secure deal room

Confidential diligence documents for 3119 PRINCESS STREET, Kingston.

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.