For Sale · Office

497 MEADOW LANE, Saugeen Shores

497 MEADOW LANE, Saugeen Shores, ON N0H2L0

$1.7M total

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Asset Class

Office

Size

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Building class

B

Zoning

DC1 — Direct Control

$ / SF

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Occupancy

98%

Lot Size

0.848 ac

About this property

Prime Commercial & Office Opportunity in Southampton. An extraordinary commercial opportunity awaits on almost an acre of prime land, perfectly positioned in a quiet residential area directly adjacent to the Southampton Tennis Clubs "Warder Courts." Built in 2005 with durable, low-maintenance Hardie Plank siding exterior, this 3,480-square-foot facility offers quality finishes and operational efficiency featuring radiant in-floor heating, central air conditioning, and ample parking to accommodate high client volume. Clients and visitors are greeted by a welcoming covered entrance that opens directly into a professional reception area, setting an inviting tone from the moment they step inside.The interior layout is thoughtfully configured into two expansive, distinct main operational areas, currently utilized as a full weight room and fitness studio. Supporting the main floor space are fully equipped, dedicated men's and ladies' change rooms complete with private showers, along with a functional kitchenette perfect for staff breaks or client refreshment.This versatile property represents the ideal layout for a health care professional practice, corporate office, or spa or wellness facility. For buyers interested in an immediate turn-key venture, the seller is open to including the existing gym equipment and business as a complete turn-key package. Secure an exceptional footprint in a highly desirable location and bring your business vision to life. Contact your Realtor today to arrange a private viewing. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.68M
Down payment30% · $503K
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

Monthly debt service

$8K

Projected NOI

$115K

Annual cash flow

$22K

Cash-on-cash

4.42%

DSCR

1.24

Going-in cap

6.87%

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

142,236

Households

50,397

Median income

$62,500

Median age

37.4

Daytime population

177,197

5-yr growth

4.8%

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

Secure deal room

Confidential diligence documents for 497 MEADOW LANE, Saugeen Shores.

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.