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$1.7M total
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Asset Class
Office
Size
—
Building class
B
Zoning
DC1 — Direct Control
$ / SF
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Occupancy
98%
Lot Size
0.848 ac
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)
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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.
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.
Confidential diligence documents for 497 MEADOW LANE, Saugeen Shores.
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.