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For Sale

265 King Street N, New Tecumseth, ON L9R 1N3

$1,899,900

  • Commercial Retail
  • MLS® N13774818

Listing Brokerage: REMAX YOUR COMMUNITY REALTY

Description

LOCATION! LOCATION! LOCATION! Excellent opportunity to own a well-established, turn-key commercial plaza ideally situated in a high-traffic area and serving numerous surrounding subdivisions, with additional future residential development proposed nearby. The plaza features 3 established tenants generating approximately $100,000 per year in total rent, plus TMI, providing an attractive income-producing investment with a strong cap rate. Excellent visibility with easy ingress and egress. Additional development potential allows for approximately 4,000 sq. ft. of additional space above the existing plaza, suitable for rental apartments or professional office space, subject to municipal approvals. Offered for sale by the original owner who built the plaza. A rare opportunity combining stable rental income with future development upside. Do not disturb tenants.

Property details

MLS® number
N13774818
Transaction
For Sale
Property type
Commercial
Style / use
Commercial Retail
Community
Alliston
City
New Tecumseth
Building area
4000 Square Feet
Lot width
155.26 Feet
Lot depth
151.32 Feet
Heating
Gas Forced Air Closed
Cooling
Yes
Garage
None
Taxes
$8,900.00
Tax year
2025
Business type
Retail Store Related
Retail area
4000
Listing brokerage
REMAX YOUR COMMUNITY REALTY

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