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179-191 Queen St 17,754 SF 76% Leased Retail Building Scugog, ON L9L 1B9 $5,050,870 USD ($284.49 USD/SF) 5.77% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Picturesque Building
  • Prominent Location in Scugog

EXECUTIVE SUMMARY

A trophy investment property and downtown Port Perry's most recognized building landmark and retail anchor: Featuring six commercial tenants and 11 apartment suites, this fully-occupied mixed-use investment offers stable income from quality, thriving commercial tenants and significant revenue upside through market turnover of residential units. Formerly known as Settlement House, this landmark building in Port Perrys historic downtown is one of the most historic sites in Port Perrys downtown heritage conservation district, yet now only 15-20 from expanded 407/412 and 45 minutes from DVP/401. Extreme visibility directly across from the Port Perry Post Office and nestled between three major banks, a pharmacy, and public library, this investment represents a remarkable opportunity to acquire a true historic treasure with positive cash flow and upside potential.

FINANCIAL SUMMARY (PRO FORMA - 2024) Click Here to Access

ANNUAL (USD) ANNUAL PER SF (USD)
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

FINANCIAL SUMMARY (PRO FORMA - 2024) Click Here to Access

Gross Rental Income (USD)
Annual $99,999
Annual Per SF $9.99
Other Income (USD)
Annual $99,999
Annual Per SF $9.99
Vacancy Loss (USD)
Annual $99,999
Annual Per SF $9.99
Effective Gross Income (USD)
Annual $99,999
Annual Per SF $9.99
Taxes (USD)
Annual $99,999
Annual Per SF $9.99
Operating Expenses (USD)
Annual $99,999
Annual Per SF $9.99
Total Expenses (USD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (USD)
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
17,754 SF
Building Class
B
Year Built
1886
Price
$5,050,870 USD
Price Per SF
$284.49 USD
Cap Rate
5.77%
NOI
$291,220 USD
Percent Leased
76%
Tenancy
Multiple
Building Height
3 Stories
Zoning
C3 - Commercial-C3 Attached in brochure

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 183
  • 4,195 SF
  • Retail
  • In-Line
  • Now

Approximately 4195 Square feet/divisible, plus some basement level for storage and/or equipment. This is a high traffic and foot traffic area, ideal for retail. (C3) provides for a variety of allowed uses. A well-appointed and maintained building with a history of success. Extremely attractive and well-lit, the landlord will consider splitting the space, for the right tenant. This space has an abundance of natural light from back to front. Please use proper discretion when viewing, by appointment. Water is included in the TMI.

Space Size Space Use Position Available
183 4,195 SF Retail In-Line Now

183

Size
4,195 SF
Space Use
Retail
Position
In-Line
Available
Now

183

Size 4,195 SF
Space Use Retail
Position In-Line
Available Now

Approximately 4195 Square feet/divisible, plus some basement level for storage and/or equipment. This is a high traffic and foot traffic area, ideal for retail. (C3) provides for a variety of allowed uses. A well-appointed and maintained building with a history of success. Extremely attractive and well-lit, the landlord will consider splitting the space, for the right tenant. This space has an abundance of natural light from back to front. Please use proper discretion when viewing, by appointment. Water is included in the TMI.

Walk Score®
Walker's Paradise (91)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

RBC Royal Bank
TD Canada Trust
CIBC
Curves
FOODLAND
Tim Hortons
Independent Grocer
Thai Express
BMO
Anytime Fitness
  • Listing ID: 33169990

  • Date on Market: 9/13/2024

  • Last Updated:

  • Address: 179-191 Queen St, Scugog, ON L9L 1B9

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