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For Sale · Industrial

62 MAIN Street S, Princeton

62 MAIN Street S, Princeton, ON N0J1V0

$650,000 total

2,400 SF

Asset Class

Industrial

Size

2,400 SF

Building class

B

Zoning

IL — Light Industrial

$ / SF

$271

Occupancy

90%

Year Built

1940

Clear height

31 ft

Loading docks

13

About this property

Excellent opportunity for business owners, investors, or automotive professionals! This approximately 2,400 sq. ft. commercial building is ideally situated on a 66' x 132' corner lot in a high-traffic, high-visibility location. The building features two large bay doors (10' x 10' and 12' x 14'), making it particularly well suited for an auto body shop, mechanic, service-related business, or trades operation.The property also offers a newer paved parking lot, convenient outdoor storage space, and excellent access for customers, employees, and service vehicles. With Village zoning permitting a variety of potential uses, this versatile property provides an excellent opportunity for an owner-operator or investor looking for a highly visible location with plenty of functionality. Bring your business plans and explore the possibilities this well-positioned commercial property has to offer! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$650K
Down payment30% · $195K
Interest rate6.25%
Amortization25 years
Occupancy90%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$29K

Annual cash flow

$-7K

Cash-on-cash

-3.68%

DSCR

0.80

Going-in cap

4.44%

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.

Rent roll (estimated)

TenantAreaExpiry
Lakeview Physiotherapy812 SF2033-03
Lakeview Physiotherapy503 SF2033-03
Lakeview Physiotherapy832 SF2033-03

Area demographics

Trade area within 3 miles of the property.

Population

56,508

Households

21,467

Median income

$104,500

Median age

43.5

Daytime population

56,168

5-yr growth

0.7%

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

Secure deal room

Confidential diligence documents for 62 MAIN Street S, Princeton.

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.