OVER $100,000 SPENT IN THE LAST 16 YRS INCLUDING: EXTERIOR FASCIA '12, ROOF '12, HI-EFFICIENCY FORCED AIR GAS FURNACE '09, & CENTRAL AIR '16,'24. PROPERTY HAS 2 MUNICIPAL ADDRESSES BUT SOLD AS 1 PARCEL (120 VIDAL ST. N. & 229 CROMWELL ST.) TENANT PAYS BASE RENT+HST, UTIL, PRORATED MUN TAX, BUILDING INS, GRD MTCE, WATER (TRIPLE NET LEASE). ATTENTION DEVELOPERS & INVESTORS! LAND & BUILDING AVAILABLE IN THE HEART OF THE DOWNTOWN RIVERFRONT BUSINESS AREA KITTY-CORNER TO THE NEW 'SEASONS RETIREMENT COMMUNITY' SLATED FOR COMPLETION 2026. EXCELLENT OPPORTUNITY FOR A LOW-MAINTENANCE INVESTMENT WITH FUTURE DEVELOPMENT POTENTIAL. 3700 SQ FT, 1 FLOOR BUILDING DIVIDED INTO 3 UNITS & 26 PARKING SPACES. GC-2 ZONING ALLOWS FOR VARIOUS COMMERCIAL OPTIONS! 2 UNITS LEASED(TRIPLE NET) & 1 UNITS CURRENTLY AVAILABLE FOR LEASE (FORMER DR OFFICE). Fully leased would be 5% CAP
Property Attributes
ID#25000583
Type Commercial
City Sarnia
AreaSarnia
Postal Code N7T 5X5
StyleInvestment Property,Office(s),Plaza,Retail
Year Built1953
Taxes$ 19510
Price$ 1,189,000
Bedrooms 0
Full Bathrooms 0
Half Bathrooms 0
Sqr Footage3700
Lot Size0.37 Acres
Data Source:
Windsor-Essex (WECAR) / Sarnia-Lambton (SLREB)
Sewer
Sanitary
Roof
Unknown
Zoning
GC-2
Handicap
Yes,See Remarks
Exclusions
TENANT PROPERTY INCLUDING FURNITURE & APPLIANCES
Property Type
Industrial/Commercial
Transaction Type
Sale
Tax Year
2024
Status
Active
District
Sarnia
City
Sarnia
Site Influences
Corner Site,High Traffic Location,Shopping Nearby,Visual Exposure
Heating Cooling
Air Cleaner,Central Air Conditioning,Furnace
Major Area
Sarnia-Lambton
Nearest Town
IN TOWN
Year Built Description
Approximate
DOM
151
Heating Fuel
Natural Gas
Fire Protection
Smoke Detector
Sq Ft Total
3700