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Last Updated : 561 Days ago
233 King St, Niagara-on-the-Lake, Ontario,

4 - 233 King St, Niagara-on-the-Lake MLS Number: X8483988

Niagara-on-the-Lake, Niagara, ON, L0S 1J0

$1,499,000

Status: OFF MARKET

  • Property Type: Commercial (Commercial)
  • Property Taxes : $1000.00 (Tax Year:2023)
  • Listing Courtesy : Re/max Professionals Inc.

Unit-4 233 King St Property Description

RARE OPPORTUNITY! Commercial investors dream in the historic old town Niagara-on-the-lake, with only one single AAA tenant, the current owner intends to stay multiple terms. Seller Lease back. 6% CAP RATE WITH TRIPLE NET LEASE (Tenant pays $90,000 annual base rent, plus property taxes, plus common element fee, plus utilities) This beautiful retail space sits on the main street of Niagara-on-the-lake and is surrounded by many busy / successful businesses. $350,000 in leasehold improvements. Great ROI with a very stable long-term tenant, in an area with substantial growth potential. Seller lease back situation. The owner is the tenant.

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Unit-4 233 King St Property Facts

Property Type :Commercial
MLS Number :X8483988
Listing Type :Sale
Possession Date :
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Last Updated :25 Jul, 2024 (561 Days ago)
Source :TRREB
Area :Niagara
Postal Code : L0S 1J0

Unit-4 233 King St Property Price & Tax Insights

Price : $1,499,000
Property Taxes :$1000.00
Tax Year :2023

Unit-4 233 King St, Niagara on the Lake Property Details

Cross Street :Queen Street / King Street

233 King St, Niagara on the Lake - Price History

2024-06

27 Jun, 2024

TREB #X8483988

Available

$1499000.0

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