1/23229 WATER STREET, Sarnia
229 WATER STREET, Sarnia, ON N7T5T4
$349,900 total
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Asset Class
Industrial
Size
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Building class
B
Zoning
IM — Medium Industrial
$ / SF
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Occupancy
87%
Year Built
1956
Clear height
22 ft
Loading docks
4
About this property
Visibility drives business, and this central Sarnia corner location delivers standout exposure from every angle located at a prominent central intersection with easy access to and from Highway 402. Offering versatile General Commercial zoning, this adaptable property is well-suited for owner-operators, expanding businesses, or commercial investors. The flexible floor plan readily configures to retail, professional offices, or client services, complemented by a valuable 19' x 25' attached shop for secure storage, equipment, added office or board room space or hands-on operations. Complete with generous on-site parking and situated moments from the waterfront and core amenities, this is a practical, high-impact commercial opportunity ready for your next venture. (id:66811)
Financial sandbox
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Monthly debt service
$2K
Projected NOI
$16K
Annual cash flow
$-3K
Cash-on-cash
-3.02%
DSCR
0.84
Going-in cap
4.64%
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
57,159
Households
26,251
Median income
$77,500
Median age
38.8
Daytime population
63,615
5-yr growth
4.4%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 229 WATER STREET, Sarnia.
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.