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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
MLS Listing ID X11824328
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
Zoning Main Commercial
Region Cobourg
City Region Cobourg
Interior
Cooling Yes
Inclusions Photos are of exterior and Unit B only and of the former yoga studio but this has changed. Now the Unit B store is painted all white inside and houses a boutique gift shop. No photos of the 4 offices and reception area in Unit A which is Tenanted.
Exterior
Community Features Public Transit
Utilities Available Available
Others
Security Features No
Listed by CENTURY 21 ALL-PRO REALTY (1993) LTD.