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$499,900
Available - For Sale
Listing ID: X12188277
BUILDING FOR SALE ONLY: Stand alone commercial building on a prime corner lot in downtown Kingston. Strong return with existing tenancy and revenue. Net annual rent to Seller/Landlord is: $31 213.13. Tenant has leased and occupied the property since 1984. Seller has owned the property since 1985. Current Lease renewal in place until June 30th, 2029, with 2 further options until 2039. Lease is a Head Corporate, Triple Net lease, with all costs paid for by the tenant. No Environmental Reports on file. Property is being sold as is where is, Buyer to conduct their own due diligence. ALL offers MUST have a minimum 48 hour irrevocable, and any completion date must be on or after the 16th of September 2025. Lease documents on file and will only be released upon a fully completed NDA/CA.
Price $499,900
Taxes: $14,938.91
Tax Type: Annual
Occupancy by: Tenant
Address: 451 Division Stre , Kingston, K7K 4A8, Frontenac
Postal Code: K7K 4A8
Province/State: Frontenac
Legal Description: PT FARM LT 1 CON WGCR KINGSTON AS IN FR5
Directions/Cross Streets: Stephen Street & Division Street
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Category: Retail
Use: Retail Store Related
Building Percentage: T
Total Area: .19
Total Area Code:  Acres
Retail Area Code: Sq Ft
Maintenance: 0
Sprinklers: No
Heat Type: Gas Forced Air Close
Central Air Conditioning: Yes
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RE/MAX SERVICE FIRST REALTY INC., BROKERAGE

451 Division Stre , Kingston, K7K 4A8, Frontenac


 
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At a Glance:
Type: Com - Commercial Retail
Area: Frontenac
Municipality: Kingston
Neighbourhood: 22 - East of Sir John A. Blvd
Style:
Lot Size: x 101.20(Feet)
Approximate Age:
Tax: $14,938.91
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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