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25 Main Street E Norwich, Ontario N0J 1P0

10276 sqft

$2,000,000

Looking for an investment with a return with a 7.5% cap rate? This property is operated as a retirement home with 20 beds, main floor kitchen plus an on-site residence for the owners, a car port , ample parking, and substantial upgrades over the past seven years, including a new elevator, fire suppression systems, windows, stand by generator, and much more. This is a building/land sale only. The tenant will sign a 5 year triple net lease with an extension option for a further 10 years. (id:39551)

Property Details

MLS® Number 40567108
Property Type Office
Communication Type High Speed Internet
Features Elevator, Paved Driveway, Passenger Elevator
Parking Space Total 10

Building

Basement Type Full
Exterior Finish Brick
Fire Protection Alarm System
Foundation Type Poured Concrete
Stories Total 2
Size Exterior 10276.0000
Size Interior 10276 Sqft
Utility Water Municipal Water

Parking

Attached Garage

Land

Access Type Road Access, Highway Access
Acreage No
Sewer Municipal Sewage System
Size Depth 171 Ft
Size Frontage 131 Ft
Size Irregular 0.519
Size Total 0.519 Ac|1/2 - 1.99 Acres
Size Total Text 0.519 Ac|1/2 - 1.99 Acres
Zoning Description I-2

Utilities

Electricity Available
Natural Gas Available
Telephone Available

https://www.realtor.ca/real-estate/26721759/25-main-street-e-norwich

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