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7 E Water St 6,000 SF 100% Leased Retail Building Little Curren, ON P0P 1K0 $359,019 USD ($59.84 USD/SF) 7.50% Cap Rate
Investment Highlights
- Approximate 7.5% cap rate based on current income.
- Mixed-use commercial property.
- 100% occupied with stable tenants.
- Seller VTB financing available.
- Steps from the waterfront.
Executive Summary
INVESTOR ALERT - PRIME LITTLE CURRENT LOCATION I 7.5% CAP I UNDER $500,000 I VTB AVAILABLE Offered at under $500,000 with Seller VTB financing available. Approximate 7.5% cap rate based on current income. Mixed-use commercial property located in downtown Little Current on Water Street, Manitoulin Island's primary commercial corridor. Steps from the town docks and North Channel waterfront. 100% occupied with stable tenants and consistent income. Potential for rent optimization and operational improvements. Located in a high-traffic, central commercial area with strong visibility and foot traffic.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
6,000 SF
Building Class
B
Year Built
1900
Price
$359,019 USD
Price Per SF
$59.84 USD
Cap Rate
7.50%
NOI
$26,926 USD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.67
Lot Size
0.08 AC
Zoning
C1
Frontage
29’ on Water Street
Amenities
- Signage
- Air Conditioning
- Awning
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
1 of 31
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7 E Water St
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