REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 699,000
Est. payment /mo
Active
79 King ST W #A&B Cobourg, ON K9A 2M4
2 Baths
2,263 SqFt
UPDATED:
12/04/2024 03:03 AM
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 2,263 sqft
Price per Sqft $308
Subdivision Cobourg
MLS Listing ID X11824328
Condo Fees $930
Annual Tax Amount $8,842
Tax Year 2024
Property Description
2 Excellent TENANTED Commercial Units with shared Entry Vestibule. Main Street Prime Storefront Location. Superb condition. 1 is 4 Offices w/ Reception area and 1 is large open Retail Gift Shop & Home Decor store. Beautifully finished contemporary spaces. Both have large Display Windows. Unit A Tenanted for 6 yrs has 4 Offices, Reception, 2 2-pce Baths R/in, Storage. Unit B is Beautiful Large Retail space. High Ceilings. Newer Flooring. You can purchase this turnkey Investment located in an in-demand, bustling Downtown Heritage Streetscape in Cobourg's downtown. Brimming with high energy entrepreneurs and a variety of all shops & services, restaurants & cafes. The Business and Shopping mecca 100 km to Toronto in a cosmopolitan downtown...just Steps to the shimmering and boat-filled Marina in summer, the Harbourfront Esplanade, Lakefront, Boardwalk for strolling & the coveted sandy Beach. VIA Station is 1blk. 401 close by. Convenient for commuters. Set amongst Key Anchor Tenants: Banks, Financial & Professional Services, Victoria Hall, Art Gallery, Concert Hall, Restaurants, Cafes in the Business, Shopping, Entertainment & Tourist District. Unit A 1140 Sq Ft Pays $19,019/YR Base Rent + $11,289.72/YR TMI or Monthly Base Rent $1,584.91/m + $940.81 TMI/m (Condo Fee $541.04/m + Property Tax $399.77/m) + Heat/Utilities. Leased through 10/31/2026 Unit B 1120 Sq Ft Pays $31,764.12/YR Gross Lease or $2,647.01/m Gross Lease + Heat/Hydro. LL Pays only Unit B TMI $770.75 (Condo Fee $451.28/m & Property Tax $319.47/m) Unit B Leased through 11/30/2025 NOTE: (Condo fees cover: Water, Bldg. Insurance, Common Elements, Reserve fund, Property Mgmt.) Approx. 7% CAP RATE!
Location
Province ON
County Northumberland
Community Cobourg
Area Northumberland
Interior
Cooling Yes
Exterior
Community Features Public Transit
Utilities Available Available
Others
Security Features No
Listed by CENTURY 21 ALL-PRO REALTY (1993) LTD.
GET MORE INFORMATION
Follow Us