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Mixed Use Commercial Property In Busy Tillsonburg

$719,000

For Sale: , in

Mixed Use Commercial Property in Busy Tillsonburg

Roger Horvath

Realtor

Listing Details

Subtype: Restaurant

Total building size (sq. ft.): 4677

Typical floor size (sq. ft.): 3000

Zoning: C1

Floors: 3

Sale type: Ideal for both investors and owner-users

Tenancy: Single

Lot Size: 0.085 Acres

Clear Height: 8 ft.

Financial Details

Net operating income: $56,400

Percent leased: 50%

Cap rate: 7.5%

Description

Prime Downtown Tillsonburg Investment opportunity to own an established commercial building on the main street Broadway. Busy restaurant with 2 bedroom rental unit on 2nd floor. Increase your monthly income with the option to add a tenant upstairs as the unit will be vacant on close. Perfect for the Owner-Occupier, this work-live property is ready to go. The restaurant features 3093sf of space including a dining area, 2 kitchen workspaces, 2 offices, 2 washrooms, and plenty of storage. The charming 2nd floor boasts a large living room, kitchen and island, laundry/storage, full bath, 2 bedrooms, with 9ft + soaring ceilings. Separate HVAC systems, each with separate controls, and water heaters. 2 x Furnaces and 2 x Hot water heaters are owned. Separately metered for electricity and gas. The massive full basement runs the length of the building and is ready for future development. Book your showing today! The business is also for sale on MLS#40561194 Restaurant chattels & equipment are not included. The business is also for sale MLS #40561194

Available Units and Spaces

Location & nearby

This listing is located in Tillsonburg, ON N4G 3P8

128 Broadway, Tillsonburg, ON, Canada

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Roger Horvath

Realtor

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