$1,200,000
$1,095,000
9.6%For more information regarding the value of a property, please contact us for a free consultation.
282 King Street Midland, ON L4R 3M6
11,136 SqFt
Key Details
Sold Price $1,200,000
Property Type Commercial
Sub Type Mixed,Building and Land
Listing Status Sold
Purchase Type For Sale
Square Footage 11,136 sqft
Price per Sqft $107
MLS Listing ID 40498131
Sold Date 03/12/24
Abv Grd Liv Area 11,136
Originating Board The Lakelands
Annual Tax Amount $11,583
Property Description
Fully-Leased 6-Unit Downtown Core Commercial Building, With Main Floor Commercial & 5 Residential Units Above, In The Heart Of Midland’s Main Retail District. Commercial Main Floor, Currently Operating As A Successful 149-Seat Restaurant, Has Been Completely Renovated, Along With The Exterior, In 2016. Roof Completely Redone In 2022. Great Long-Term Tenants In Place With Good Income And Huge Upside Potential. Property Backs Onto A Massive Municipal Parking Lot Offering Phenomenal Exposure Along Both King Street And At Rear Of Building. Extremely High Traffic Location With Both Drive-By & Walk-In Traffic. Full Height, Fully Finished Basement Offers Additional Potential. Wheelchair Accessible. Very Well Maintained. Please Contact For Financials.
Location
Province ON
County Simcoe County
Area Md - Midland
Zoning DC
Direction Take King St. (North) From Highway 12 To #282 (On Left).
Rooms
Basement Full
Kitchen 0
Interior
Interior Features High Speed Internet
Fireplace No
Exterior
Utilities Available Garbage/Sanitary Collection, Natural Gas Connected, Recycling Pickup
Lot Frontage 27.0
Lot Depth 158.0
Garage No
Building
Lot Description City Lot, High Traffic Area, Public Transit, Visual Exposure
Faces Take King St. (North) From Highway 12 To #282 (On Left).
Story 2
Sewer Sewer (Municipal)
Water Municipal
Level or Stories 2
New Construction No
Others
Senior Community false
Tax ID 584640067
Ownership Freehold/None
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