Stand alone commercial building on a prime corner lot in downtown Kingston. Strong return with existing tenancy and revenue. Net annual rent: $31 213.13. Tenant has leased and occupied the property sine 1984. Lease renewal in place until June 30th, 2029, with options for further renewals. Corporate, Triple Net lease, with all costs paid for by the tenant. Potential for further development by future end user. Lease contains first right of refusal provision.
MLS# | X12082240 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Sold Conditional |
Days On Site | 5 |
Listing Provided By | RE/MAX SERVICE FIRST REALTY INC., BROKERAGE | X12082240 470200 |
SQ Feet | 8,102 |
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Acreage | 0.19 |
Province | ON |
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County | Frontenac |
City | Kingston |
Postal Code | K7K 4A8 |
Area | 22 East of Sir John A. Blvd |
Listing VS Median (In K7K 4A8) | |
Price: $499,900 low | high Med: $499,900 SqFt: 8,102 low | high Med: 8,102 $ / SqFt: $62 low | high Med: $62 On site: 5 low | high Med: 5.000000 |