$749,700

14 Main Street

Grand Bend ON, N0M 1T0

Description

GRAND BEND COMMERCIAL INVESTMENT ALERT W/ POTENTIAL FOR RIVERVIEW / LAKEVIEW UNITS LOOKING UP THE RIVER - Add this one to your portfolio! 14 Main Street provides a stellar oversized location with on site private PARKING, 110 feet of prime commercial frontage (nearly 3 X standard frontage), and situated on the booming & famous Main Strip of Grand Bend, ON. From this location, running alongside the river only with Morenz Lane in between, your tenants & tenants' customers are a mere 500 meter stroll to a world class beach, the 3rd best in Canada according to Reader's Digest! And compared to most buildings on the strip, this 4 unit / 3 bathroom gem is rock solid, fully winterized & completely overhauled by Platinum Builders within the last decade! Sitting in the heart of highly profitable rapid growth neighborhood, you simply can't go wrong given the recent selling prices just a few doors away. Until you choose to move forward with development at this prime piece of real estate overlooking the river, this well-renovated 4 unit building will bring in over $42K (ask about how much higher this could be) per year in rental income with low expenses generating an impressive net ! The private on site parking for up to 9 cars is a very scarce in downtown sector. In fact, this particular property already has 10 additional parking spaces FULLY PAID FOR with Lambton Shores for additional liquor licensing. To clarify, a liquor license is not currently in effect at the property, but already having the additional parking grandfathered in will save a new licensee or the new property owner THOUSANDS in the future. Overall, the property is in fantastic shape. It's an easy money maker for years until you decide to upgrade. With fervent investment, growth & development in this area already well underway & with even more on the horizon, this would be a great addition to any investor's portfolio. Won't last long.

Details

MLS#40078573
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
StatusActive
Year1982
Days On Site42

Features

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Area Information
ProvinceON
CountyLambton
CityGrand Bend
Postal CodeN0M 1T0
AreaLambton Shores
Listing VS Median (in N0M 1T0)
Price:
$749,700
low | high
Med:
$350,000
100% of Average
On Site:
42
low | high
Med:
71.5
58.741258741259% of Average
Sourced by Back At You
Listing Updated: April 20, 2021 8:01:19 PM PDT
MIKE SLOAN LogoMLS Number: 40078573
Listing Provided By:
MIKE SLOAN  of  ROYAL LEPAGE TRILAND REALTY
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