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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:56069)

Property Details

MLS® Number 40567108
Property Type Office
CommunicationType High Speed Internet
Features Elevator, Paved Driveway, Passenger Elevator
ParkingSpaceTotal 10

Building

BasementType Full
ExteriorFinish Brick
FireProtection Alarm System
FoundationType Poured Concrete
StoriesTotal 2
SizeExterior 10276.0000
SizeInterior 10276 Sqft
UtilityWater Municipal Water

Parking

Attached Garage

Land

AccessType Road Access, Highway Access
Acreage No
Sewer Municipal Sewage System
SizeDepth 171 Ft
SizeFrontage 131 Ft
SizeIrregular 0.519
SizeTotal 0.519 Ac|1/2 - 1.99 Acres
SizeTotalText 0.519 Ac|1/2 - 1.99 Acres
ZoningDescription I-2

Utilities

Electricity Available
Natural Gas Available
Telephone Available

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

Interested?

Contact us for more information


Generating Captcha

Marius Kerkhoff
Broker


RE/MAX A-B Realty Ltd Brokerage
2 Main Street East
Norwich, Ontario N0J 1P0

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