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62 Dunlop St W 2,616 SF 100% Leased Retail Building Barrie, ON L4N 1A4 $1,696,641 USD ($648.56 USD/SF) 4.30% Cap Rate
INVESTMENT HIGHLIGHTS
- Property is a versatile mixed-use property in the heart of Downtown Barrie.
- Located in a rapidly developing area with increasing property values.
EXECUTIVE SUMMARY
Discover a rare opportunity to own a versatile mixed-use property in the heart of Downtown Barrie. This well-maintained building features a thriving restaurant on the main floor, complemented by two fully renovated, modern apartments upstairs. Perfect for investors or owner-operators seeking a prime location with multiple income streams.
Property Highlights:
Main Floor: Fully operational restaurant with high foot traffic, ideal for continued success or a new culinary venture.
Upper Floors: Two beautifully renovated apartments, offering modern living spaces with high demand in the area.
Prime Location: Situated directly across from the newly constructed DEBUT Condos, this property is steps away from Kempenfelt Bay, Highway 400, the GO Station, and the vibrant attractions of Downtown Barrie.
Proximity to Amenities: Enjoy easy access to shopping, dining, entertainment, and waterfront activities, making it a highly desirable location for tenants and customers alike.
Investment Potential:
Strong rental income from the two apartments.
Established restaurant space with potential for growth or rebranding.
Located in a rapidly developing area with increasing property values.
Property Highlights:
Main Floor: Fully operational restaurant with high foot traffic, ideal for continued success or a new culinary venture.
Upper Floors: Two beautifully renovated apartments, offering modern living spaces with high demand in the area.
Prime Location: Situated directly across from the newly constructed DEBUT Condos, this property is steps away from Kempenfelt Bay, Highway 400, the GO Station, and the vibrant attractions of Downtown Barrie.
Proximity to Amenities: Enjoy easy access to shopping, dining, entertainment, and waterfront activities, making it a highly desirable location for tenants and customers alike.
Investment Potential:
Strong rental income from the two apartments.
Established restaurant space with potential for growth or rebranding.
Located in a rapidly developing area with increasing property values.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,616 SF
Building Class
C
Year Built
1920
Price
$1,696,641 USD
Price Per SF
$648.56 USD
Cap Rate
4.30%
NOI
$72,952 USD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.17
Lot Size
0.05 AC
Zoning
C1-1 - Mixed Use Zoning
Frontage
23’ on Dunlop St W
AMENITIES
- Restaurant
- Tenant Controlled HVAC
- Smoke Detector
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Asian Bistro
- Services
-
99,999 SF
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Asian Bistro | Services | 99,999 SF | - | - |
Walk Score®
Walker's Paradise (97)
NEARBY MAJOR RETAILERS
1 of 18
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Presented by
iCloud Realty Ltd.
62 Dunlop St W
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