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X4883931
$1,450,000

260 Pinewood Park Dr (Pinewood Park Dr/ Lakeshore Rd)

Price: $1,450,000

Status: For Sale 

MLS®#: X4883931

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$1,450,000
  • Tax: $20,430/Annual (2020)
  • City:North Bay
  • Type:Commercial
  • Style:Commercial/Retail
  • Size: 12,000 Sq Ft
  • Garage:Outside/Surface
  • Age:16-30 Years Old

Features:

  • HeatingGas Forced Air Open
  • Sewer/Water SystemsSan+Storm, Municipal

Listing Contracted With: RIGHT AT HOME REALTY INC., BROKERAGE

Description

Fully Renovated, Fully Leased 12,000 Sf Building Located On Major Roadway And Adjacent To Highway 11. New 6000 Sf, 200 Seat Restaurant (Beef N' Brand) With 10 Year Nnn Lease. Lower Level @ 6000 Sf Is Also Fully Leased With 9 "Furnished Rooms/Suites Plus 2 Business Offices...........Lower Level Is Leased On 5 Year Nnn Basis.Overall Net Operating Income (Noi) Years 1-5 @ $132,000 And Years 6-10 @ $150,000.


Highlights

Building Has Been Completely Remodeled And Updated With Full Handicap Access.This Is A Exceptional Carefree Investment Opportunity With Long Term Value Enhancement Opportunities. Motivated Seller.

Want to learn more about 260 Pinewood Park Dr (Pinewood Park Dr/ Lakeshore Rd)?

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Alex Moloney

Broker

Right at Home Realty Inc, Brokerage

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