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70 King St E 1,580 SF 100% Leased Retail Building Cobourg, ON K9A 1L2 $809,212 USD ($512.16 USD/SF)
Investment Highlights
- 7 minute access to Highway 401.
- High visibility.
- Features plenty of parking.
Executive Summary
Excellent corner lot exposure on the main street (King Street) in the Town of Cobourg facing Victoria Park and the Cobourg Beach. This 1,580 sq. foot commercial location has "main central commercial" zoning which allows a myriad of commercial, retail, office & residential uses. Building only encompasses a fraction of the buildable area on this lot with a maximum height of 39 feet which would have a great view over Victoria Park to Lake Ontario. Walk everywhere in downtown Cobourg from this location with 7 minute access to Highway 401. Currently front parking area front for about 7 cars and a huge back lot parking area for approximately 16 cars. Plot also includes a 25' x 37' piece of land in front of #68 King Street East. High visibility corner location with rear access off Swayne Street. Level entrance front and back. No basement. Presale inspection available.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
1,580 SF
Building Class
C
Year Built
2000
Price
$809,212 USD
Price Per SF
$512.16 USD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.13
Lot Size
0.27 AC
Zoning
Main Central Commercial - Main Central Commercial
Frontage
64’ on King
Amenities
- Air Conditioning
Moderately walkable
60/100
Moderately drivable
70/100
Moderately bikeable
60/100
Nearby Major Retailers
1 of 2
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70 King St E
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