| Message Number | 399451 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| status | Sold | |||||||||
| Subject Line | In the heart of booming Muskoka, income 9.5 CAP, 5,000 sq. ft. in buildings on 4.43 acres ready for further development, $1,150,000, high visibility & traffic. | |||||||||
| Business area |
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| Location, City | Gravenhurst | |||||||||
| Have/Want | Have | |||||||||
| Business category | Commercial Buildings/Hotels/Motels | |||||||||
| Date of Listing | July 5 2021 | |||||||||
| Type Description | Investment property | |||||||||
| Location | Muskoka | |||||||||
| Price | $1,149,000.00 | |||||||||
| Size | 3.25 acres | |||||||||
| Building area | 5000 | |||||||||
| Zoning | C3 | |||||||||
| Net Income | $95,000 | |||||||||
| Cap Rate | 9.5 | |||||||||
| Comments | Sold Conditionally! Income investment Opportunity! High visibility, high traffic 4.43 acres commercial property with over 5,000 sq. ft. building for your entrepreneurial use or development, conveniently located in the Highway 11 corridor just south of Bracebridge in the heart of majestic Muskoka. The building was designed for use as 10-unit motel plus a owner/manager residence, detached workshop/garage, Bunkie and swimming pool for which currently operates as a 12 unit middle term rental accommodations with 9.5 CAP. It is near turnkey ready for a motel business; just add signs. The versatile C3 zoning allows for an investor with vision to develop the land and buildings to a higher and better use. Ideal exposure for a dealership | |||||||||
| Internet Links | ||||||||||
| Member Identifier | 4912 | |||||||||
| Control | MLS | |||||||||
| Name | Hugh Nichols | |||||||||
| Title | Broker, SRS, ABR, ASA. IRES | |||||||||
| Company Name | Re/Max Professionals North Brokerage | |||||||||
| Address Line One | 405 Muskoka Rd.S. Unit B | |||||||||
| City | Gravenhurst | |||||||||
| State/Province | Ontario | |||||||||
| Zip/Postal Code | P1P 1J8 | |||||||||
| Country | Canada | |||||||||
| Business Phone Number | (705)394-6655 | |||||||||
| Cell Number | 705-394-6655 | |||||||||
| Home Number | 705-394-6655 | |||||||||
| Email Address | Send Email | |||||||||
| Home Page | Home Page |
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