





































1/39958 2ND AVENUE E, Owen Sound, ON N4K2H6
$1.4M total
10,000 SF
Asset Class
Retail
Size
10,000 SF
Building class
B
Zoning
CB1 — Low Intensity Business
$ / SF
$145
Occupancy
82%
EXCEPTIONAL DOWNTOWN COMMERCIAL BUILDING FOR SALE! An incredible opportunity in the heart of Owen Sound's desirable River District! Located at 958 2nd Avenue East, this impressive property offers 51 feet of main street frontage, expansive display windows and excellent visibility.The spacious main floor features approximately 6,000 sq. ft. of open-concept retail space, along with a rear receiving area and basement access complete with a conveyor belt. The expansive lower level offers approximately 5,000 sq. ft. of storage, plus additional office and workspace. The building extends approximately 100 feet in length.A separately deeded riverside lot with five parking spaces is also included.The second floor features a private entrance accessed by a wide, solid staircase. Offering approximately 4,000 sq. ft. of bright, open space with impressive 11-foot ceilings, this level includes three windowed modular offices, a meeting room and a washroom.Previously home to Peoples, Big V and Shoppers, the building has been owned by the current owners since 2009. Extensive upgrades and renovations have been completed under the supervision of Steve Davis Contracting, including the roof, three rooftop HVAC units, insulation, electrical updates by Benedict, and improvements to both the first and second floors.The owners' business has simply outgrown the space, creating an excellent opportunity for a new owner to take advantage of this modernized commercial building.With generous square footage, a prime downtown location and access from both 2nd Avenue East (Main Street) and 1st Avenue East, this property offers outstanding potential in one of Owen Sound's most desirable commercial areas.Showings by appointment only. Contact your REALTOR for more information.Also includes PIN 370740537 and ARN 425904003001301. (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$7K
Projected NOI
$63K
Annual cash flow
$-17K
Cash-on-cash
-3.91%
DSCR
0.79
Going-in cap
4.37%
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.
| Tenant | Area | Expiry |
|---|---|---|
| Vector Robotics | 2,497 SF | 2030-12 |
| Vector Robotics | 5,723 SF | 2030-12 |
Trade area within 3 miles of the property.
Population
60,233
Households
27,847
Median income
$105,000
Median age
33.6
Daytime population
99,979
5-yr growth
4.6%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 958 2ND AVENUE E, Owen Sound.
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.