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$ 950,000
Est. payment /mo
Active
216 Front ST N Lambton, ON N7T 5S5
2 Baths
6,500 SqFt
UPDATED:
12/16/2024 02:47 PM
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 6,500 sqft
Price per Sqft $146
Municipality Sarnia
MLS Listing ID X11822577
Annual Tax Amount $13,562
Tax Year 2023
Property Description
7.6% RETURN. RIVER VIEW BUILDING FOR SALE IN PRIME LOCATION. FULLY OCCUPIED, THIS PROPERTY FEATURES 4000 SQ FT MAIN FLOOR WITH FRONTAGE ON BOTH FRONT ST.& CHRISTINA ST. THIS UNIT HAS A BASEMENT OF APPROX 3000 SQ FT. GLASS GARAGE DOORS ON BOTH SIDES MAKE FOR GREAT NATURAL LIGHT & DISPLAY. THERE IS A CENTRAL OPEN AIR COURTYARD CURRENTLY USED AS A GARBAGE CORRAL. THE 2ND FLOOR FEATURES 2 APARTMENTS BOTH WITH AMAZING VIEWS OF THE RIVER. THE BUILDING HAS RECENTLY BEEN UPGRADED INCLUDING BUT NOT LIMITED TO: ROOF, HVAC, FIRE ALARM, WINDOWS & DOORS, ELECTRICAL, & PLUMBING. RENTS ARE AS FOLLOWS: 2 BEDROOM $1100/MO.+ HYDRO, 1 BEDROOM $995/MO.+ HYDRO, & COMMERCIAL $4800/MO.+ UTILITIES & PROPERTY TAX. MAIN FLOOR IS CURRENTLY USED AS A RESTAURANT. D1 ZONING ALLOWS FOR MANY USES INCLUDING RETAIL/OFFICE & GYM. SELLERS ARE LICENSED REALTORS IN THE PROVINCE OF ONTARIO
Location
Province ON
County Lambton
Community Sarnia
Area Lambton
Zoning D1
Region Sarnia
City Region Sarnia
Interior
Cooling Partial
Exterior
Utilities Available Yes
Lot Frontage 20.8
Lot Depth 186.65
Others
Security Features No
Listed by COLDWELL BANKER SOUTHWEST REALTY