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$ 1,799,900

130 King St W, North Bay, ON, P1B 5Z7

Listing ID# 484402002610810
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$ 1,799,900

  • 130 King St W
    North Bay, ON P1B 5Z7
  • Listing ID 484402002610810
  • Building Type: Commercial Retail, Office
  • Land Size: 215` X 266`
  • Status: For Sale/Active
  • Days on Market: 151
  • Parking Drive: Concrete
  • Drive: Concrete
  • Heating: Natural Gas, Forced Air, Radiant
  • Locker: No
  • Utilities: Cable: Sewer
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Property Description

Excellent return on this professional plaza - Net operating income of $128,000 annual. Anchor tenant Kennedy Insurance brokers occupying 41% of building with NET LEASE until 2025 with multiple renewal options. 17% vacant with rental upside can push this investment to over an 8 CAP. Building has new membrane roof 2 years old - all updated mechanical systems - this is a true turnkey investment - that must be seen to be appreciated. Call for a private showing. Confidential Investment Memorandum provided to qualified buyers who execute confidentiality agreement.




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