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Commercial listings / Mixed-use / For sale

14 Clinton Street S, South Bruce, ON N0G 2S0

$549,900

14 Clinton Street S, South Bruce, ON N0G 2S0, photo 114 Clinton Street S, South Bruce, ON N0G 2S0, photo 214 Clinton Street S, South Bruce, ON N0G 2S0, photo 314 Clinton Street S, South Bruce, ON N0G 2S0, photo 414 Clinton Street S, South Bruce, ON N0G 2S0, photo 514 Clinton Street S, South Bruce, ON N0G 2S0, photo 6
Property type
Mixed-use (Store W Apt/Office)
Transaction
For sale
Location
South Bruce, Bruce
Building area
5,000 Square Feet
MLS® number
X13721288

Description

INVESTORS - TAKE A CLOSER LOOK AT THE NUMBERS. This mixed-use property in the heart of Teeswater combines immediate residential income with significant commercial upside. Four residential apartments are fully occupied, generating $6,000 per month / $72,000 per year in current gross rental income. The approximately 2,500 sq. ft. commercial component offers the opportunity to generate an additional $30,000 annually when fully leased, bringing potential total gross income to approximately $102,000 per year. At the current asking price of $549,000, that's a compelling income opportunity. The commercial space is being offered at $7.00/sq. ft. plus approximately $5.00/sq. ft. TMI and may also appeal to an owner/operator looking to run a business while the four apartments help carry the property. Approximately 5,000 sq. ft. in total with C1 zoning and a prominent Clinton Street location. Buy the existing income and unlock the commercial potential.

Listing brokerage: SUTTON GROUP - SELECT REALTY

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