12 Moira St E
Belleville, K8P2R9
For Sale
$1,900,000
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➧
Retail
CATEGORY11,000 Sq Ft
TOTAL AREAX8101574
MLSIDContact Us
Property Description
PREDOMINANT EXPOSURE - SOUTH, FREE ON SITE, ZONED FOR COMMERCIAL USE, CORNER LOTFULLY TENANTED FOR COMMERCIAL USE AND SAME TENANT SINCE 2005 AND WILL CONTINUE; PROPERTY IS MAINTAINED BY TENANT AND LEASE IS NET TO LANDLORD IDEAL LOCATION IN BELLVILLE FOR FUTURE GROWTH. 6.0% CAP WITH LONG LEASE; GREAT OPPORTUNITY AND ALL OFFERS WELCOME
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Extras
DO NOT GO DIRECT AND TALK TO THE EMPLOYEES OR ANYBODY ON THE PROPERTY
Property Details
Category
Retail
Usage
Retail Store Related
Zoning
Commercial
Total Area
11,000 Sq Ft
Retail Area
11,000 Sq Ft
Lot Size
104' x 119'
Taxes
$35,534 (2023)
Air Conditioning
Yes
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Listing contracted with Realcap Realty Inc.
Similar Listings
280-282 Front Street, "The West Harrison Block", is a historic mixed use building available for purchase in downtown Belleville. The building is fully Tenanted with 3 ground floor commercial units and 10 residential units across the 2nd and 3rd floors. Successful retail Tenants, a bridal store and a hair salon, occupy the commercial units facing onto Front St. The income/expense numbers for the building support an excellent return for the asking price. The rear ground floor space is suitable for conversion to residential, to add multiple additional apartments, which would further improve the net income for the building. The building has been well cared for by its current owners with recent renos to the street facing facade, multiple apartments, building fire system, water supply from the street, sanitary from the street and throughout the building. All units separately metered for hydro, all Tenants pay their own heat. Building has 5 parking spaces at the rear. The basement is ~7,000 sf and partially finished.
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