40599936 | 509 King Street

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509 King Street
Midland ON , L4R 3N5 , Canada

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Michael Belsey

Sales Representative

Phone: 705.756.8888

Cell: 705.790.6401

Home Fax:

705.756.4651

Toll Free:

888.756.8888

My Website

Email Me

Royal LePage In Touch Realty

Brokerage:

2604A HONEY HARBOUR

Honey Harbour, ON
P0E1E0

Phone: 705.756.8888

Fax: 705.756.4651

Company Website

$499,000.00

MLS® 40599936

Commercial

Lot Frontage:	66.00 Feet
Lot Depth:	165 Feet
Total Bedrooms:	0
Zoning:	HC

Remarks:

BUSINESS OPPURTUNITY FOR THE FUTURE, AND PASSIVE INCOME FOR THE PRESENT. This is a perfect opportunity for passive income with a residential component. The property is about .25 acres and has an existing convenience store on the main floor as well as a 2 bedroom apartment above. There is ample parking and it's in a high traffic area near the downtown core. The convenience store still has a lease until 2028 which should be more than enough to cover your mortgage. The store has a walk in cooler which accesses the bank of refrigerators and a storage room and washroom. If you aspire to own a convenience store, you could run your own store in this location once the lease is up, or renew the lease with the existing store owner. The 2 bedroom apartment will be vacant in early October 2024 and could be renovated and rented or you can stay in the apartment. Seller also owns #505 King Street, right next door so you could buy and own both properties. *** This listing is for land and building only. ***

Property Features:

Basement: None
Construction Materials: Block , Vinyl Siding
Lot Features: Ample Parking , City Lot , High Traffic Area , Hospital , Marina , Public Transit , Schools , Visual Exposure
Sewer: Sewer (Municipal)
Water Source: Municipal

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