For Sale · Retail

103 - 50 KING STREET E, Brockville

103 - 50 KING STREET E, Brockville, ON K6V1B1

Price on request

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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

95%

About this property

Looking to start your own business or relocate your existing one while keeping renovation costs down? Be sure to check out this newly renovated commercial space offering approximately 1,800 sq. ft. and plenty of possibilities for a variety of business uses. Located on King Street East, this property offers great exposure and visibility for your business, along with plenty of parking at this end of town, making it convenient and accessible for your customers. What makes this unit unique is its two-level layout. The main level could be ideal for your retail or commercial space, while the upper level provides additional flexibility and could be used for inventory storage, office space, or a combination of both. The lower level features two bathrooms, allowing you to designate one for customers and one for staff. The unit also includes one designated parking space. The tenant is responsible for their own hydro, water and sewer. Whether you are launching a new venture, expanding your current business, or simply looking for a fresh, renovated space with a flexible layout, this property is worth checking out. Come take a look and see what the possibilities could be for your business! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy95%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$83K

Annual cash flow

$-511

Cash-on-cash

-0.11%

DSCR

0.99

Going-in cap

5.51%

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

117,622

Households

48,314

Median income

$136,500

Median age

37.7

Daytime population

171,887

5-yr growth

1.4%

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

Secure deal room

Confidential diligence documents for 103 - 50 KING STREET E, Brockville.

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.