For Sale · Specialty

136 Lee Avenue, North Bay

136 Lee Avenue, North Bay, ON P1A2K2

Price on request

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Asset Class

Specialty

Size

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Building class

B

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

95%

About this property

Well-positioned commercial property offering approximately 2,760 ft² of functional space with a layout that accommodates a variety of business operations. The premises currently provide three sizeable work bays, two overhead garage doors, and approximately 11ft ceilings, creating excellent clearance and accessibility for equipment, vehicles, or specialized operations. The property includes a 2-piece washroom, gas heating, a generously sized parking lot, and a fenced site. The existing configuration is particularly suitable for automotive and trades-related businesses, while the open and adaptable nature of the building provides potential for a range of commercial applications. A practical commercial asset with strong functionality, flexible space, and the ability to accommodate a variety of business models. 136 Lee Avenue offers an opportunity to establish, relocate, or expand your operation in a property that can be tailored to your requirements. (id:66811)

Financial sandbox

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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

47,816

Households

21,006

Median income

$90,500

Median age

45.5

Daytime population

63,341

5-yr growth

3.7%

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

Secure deal room

Confidential diligence documents for 136 Lee Avenue, North Bay.

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.