UPDATED:
09/26/2024 04:10 PM
Key Details
Property Type Commercial
Sub Type Office,Building and Land
Listing Status Active
Purchase Type For Sale
Square Footage 49,322 sqft
Price per Sqft $191
MLS Listing ID 40615257
Abv Grd Liv Area 49,322
Originating Board Barrie
Annual Tax Amount $83,398
Lot Size 2.770 Acres
Acres 2.77
Property Description
Distinguished by its superior maintenance, strategic location, and strong investment potential, the building's strengths are: PEAK MAINTENANCE: Benefit from a property that's in excellent condition, with all capital improvements completed and up-to-date, ensuring a hassle-free investment. SOLID RETURNS: With 100% Occupancy, enjoy a 7.6% cap rate offering immediate cash flow.
IDEAL LOCATION: Positioned directly across from the Orillia Recreation Centre and near amenities, this building is one of Orillia's most desirable office locations. GROWTH POTENTIAL: Located in an intensification node, anticipate capital appreciation with the city's forthcoming gentrification. Abutting 19.69 acre land also available as portfolio sale, along with another 23,477sf Orillia office building.
Location
Province ON
County Simcoe County
Area Orillia
Zoning C4i (H1)
Direction Hwy 400 N, ON 11N, exit ON 12S, Left on West St S
Rooms
Basement Full
Kitchen 0
Interior
Interior Features High Speed Internet
Fireplace No
Exterior
Garage Gravel
Utilities Available Electricity Connected, Natural Gas Connected, Recycling Pickup, Street Lights, Phone Connected
Waterfront No
Lot Frontage 334.0
Lot Depth 369.0
Garage No
Building
Lot Description Rectangular, Ample Parking, Business Centre, City Lot, High Traffic Area, Public Transit
Faces Hwy 400 N, ON 11N, exit ON 12S, Left on West St S
Story 3
Sewer Sewer (Municipal)
Water Municipal
Level or Stories 3
New Construction No
Others
Senior Community false
Tax ID 586710121
Ownership Freehold/None
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