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$995,000
Available - For Sale
Listing ID: X12423365
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.
Price $995,000
Taxes: $8,615.39
Tax Type: Annual
Occupancy by: Partial
Address: 12 Wallace Stre , Brockton, N0G 2V0, Bruce
Postal Code: N0G 2V0
Province/State: Bruce
Legal Description: LOT 15, PART LOTS 13, 14 & 21 PLAN 105;
Directions/Cross Streets: Wallace St - Trillium Court - Hwy 9
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Category: Multi-Use
Building Percentage: T
Total Area: 12,000
Total Area Code:  Square Feet
Retail Area Code: Sq Ft
Days Open: O
Maintenance: 0
Net Income Before Debt: $69265
Expenses Actual/Estimated: $Est
Sprinklers: No
Outside Storage: F
Heat Type: Gas Forced Air Close
Central Air Conditioning: Yes
Sewers: Sanitary+Storm
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
Wilfred McIntee & Co Limited

12 Wallace Stre , Brockton, N0G 2V0, Bruce


 
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At a Glance:
Type: Com - Commercial Retail
Area: Bruce
Municipality: Brockton
Neighbourhood: Brockton
Style:
Lot Size: x 400.00(Feet)
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Tax: $8,615.39
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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