Business For Sale · Office

30 MARY STREET, Barrie (City Centre)

30 MARY STREET, Barrie (City Centre), ON L4N1S8

$1.6M total

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Asset Class

Office

Size

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Building class

C

Zoning

CB2 — Central Business

$ / SF

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Occupancy

88%

Lot Size

0.23 ac

About this property

A HIGH-VISIBILITY DOWNTOWN ADDRESS FOR YOUR NEXT BIG BUSINESS MOVE! Secure a distinguished downtown property at 30 Mary Street, where over 3,800 square feet, a prominent 75 x 132 ft lot and a walkable waterfront location make ownership a smart move for business owners. Positioned in the heart of Downtown Barrie, just steps from the waterfront, restaurants, shops, entertainment venues and year-round community events. Directly across from The Sandbox Centre, Simcoe County's Regional Innovation Centre, and the future Lakehead University STEM Hub, this property is ideally positioned amid several major initiatives shaping Downtown Barrie's future, including the planned Performing Arts and Convention Centre. Recognized with the 2023 Barrie Heritage Award for Commercial Properties, this beautifully restored brick building offers professional commercial space with parking for 16+ vehicles. Original character carries throughout, with soaring ceilings, oversized windows, crown moulding, updated flooring and natural light filling spacious offices, meeting rooms and collaborative work areas. The gated front lawn enhances the property's street appeal, while on-site parking provides an exceptional advantage in the city core. Numerous updates, including the furnace, air conditioning unit, windows, flooring and paint, allow the next owner to focus on growing their business rather than tackling major projects. Surrounded by established businesses, residential growth and tourism attractions with excellent walkability, foot traffic and transit access, this C2-1 zoned property offers potential for a wide range of commercial uses, including a bake shop, bed and breakfast, conference centre, florist, professional offices and more. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.60M
Down payment30% · $480K
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$103K

Annual cash flow

$14K

Cash-on-cash

3.00%

DSCR

1.16

Going-in cap

6.44%

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.

Area demographics

Trade area within 3 miles of the property.

Population

137,481

Households

48,458

Median income

$97,500

Median age

44.4

Daytime population

225,150

5-yr growth

3.2%

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

Secure deal room

Confidential diligence documents for 30 MARY STREET, Barrie (City Centre).

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.