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$1.2M total
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Asset Class
Retail
Size
—
Building class
C
Zoning
CB1 — Low Intensity Business
$ / SF
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Occupancy
95%
Sale of Mixed Use real estate property Situated On A Large Corner Lot With Commercial (C1) Zoning. Property gives flexibility of use with two separate units, each having its own entrance. The main/first unit offers 3 Bedrooms, 1.5 Bathrooms, 2 Spacious Living Rooms, A very large Kitchen, Office, large Loft Space. The second unit includes a large kitchen, living room, bedroom, bathroom, and den/office. Both Units Feature Laundry Hook-Ups. A Detached Garage provides 2 covered parking spaces and up to six or more open parkings. The property has a lot of natural light, Character And Potential. Although this property is currently used as a large family house, it is perfect for any investor seeking rental cash flow or an end user who wishes to live in one unit and rent the other for commercial or residential use. The large backyard allows for additional development, subject to city approvals to build residential or commercial space. Perfect for: Boutique bed and breakfast/hotel, restaurant, medical use (Dentist, pharmacy), any other retail use and many more uses. (id:66811)
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Monthly debt service
$6K
Projected NOI
$81K
Annual cash flow
$15K
Cash-on-cash
4.06%
DSCR
1.22
Going-in cap
6.76%
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.
Trade area within 3 miles of the property.
Population
84,532
Households
32,841
Median income
$79,000
Median age
40.3
Daytime population
101,215
5-yr growth
5.9%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 9 - 5287 COUNTY ROAD, Clearview (New Lowell).
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.