Investment opportunity with this 12,000 sq.ft. commercial complex, strategically located on 0.7 acres with dual access from Highway 9 and Wallace St in Walkerton. This property, zoned Highway Commercial and with 36 parking spaces, offers a compelling mix of stable income and significant potential. The tenanted spaces spanning 6,300 sq.ft., are occupied by long-term, tenants in good standing, generating immediate and reliable cash flow. The current occupancy, at approximately 50% of the building's capacity, already yields a stable 6% CAP rate.The ground floor 2600sqft space is a blank canvas, delivered vacant upon possession, presenting a unique opportunity to dramatically increase the property's income and value. This area is perfectly suited for a variety of uses, including medical clinics, professional offices, or specialized retail. Additional vacancy is a cafe/restaurant space. The potential to lease this vacant space offers a clear path to significantly boosting the property's CAP rate and overall return on investment. (id:51004)
| MLS® Number | X12423365 |
| Property Type | Retail |
| Community Name | Brockton |
| Parking Space Total | 36 |
| Cooling Type | Fully Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 12000 Sqft |
| Utility Water | Municipal Water |
| Acreage | No |
| Size Depth | 400 Ft |
| Size Frontage | 30 Ft |
| Size Irregular | 0.712 |
| Size Total | 0.712 Ac |
| Size Total Text | 0.712 Ac |
| Zoning Description | C3 |
https://www.realtor.ca/real-estate/28905675/12-wallace-street-brockton-brockton
(519) 369-2128
www.mcintee.ca/
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