Listing Details
Subtype: Restaurant
Year built: 1900
Total building size (sq. ft.): 3200
Typical floor size (sq. ft.): 1600
Zoning: Commercial- Mixed Use
Floors: 2
Sale type: Ideal for both investors and owner-users
Clear Height: 12 ft.
Financial Details
Net operating income: $100,000
Percent leased: 100%
Cap rate: 4.2%
Description
The property is situated in a prime location in downtown Barrie, directly across from the newly constructed Debut condos5. Its central position provides easy access to various amenities, including: Independently owned shops and boutiques Restaurants and trendy bars The building features a mix of commercial and residential spaces: A restaurant occupies the main floor The second floor houses one-bedroom and two-bedroom apartments The building is reported to be in perfect condition This property presents an excellent investment opportunity for several reasons: Fully Tenanted: The building is currently occupied, providing immediate rental income Mixed-Use: The combination of commercial and residential spaces offers diversified income streams.
Location & nearby
This listing is located in Barrie, ON L4N 1A4
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