Great redevelopment opportunity. Corner lot with lots of exposure. Main floor has 2 vacant commercial units, the larger is divisible to maximize an income. Upgrade floor and new storefront windows. The other 2 floors ready to be renovated with floor plans showing the following 12 - 18 units. 2nd floor has 5 - 1 bedroom units with a study and a 1 bedroom unit. The second floor with the bedrooms and a study being built on a mezzanine with a view down below to the living/dining room area. The 3rd floor has 6 - bedroom units. 18 units possible building in an additional floor with 6 units/floor. 400 amp single phase hydro service and a 200 amp hydro service. Roof replaced approx.12 years ago. The Town of Midland has just finished a Downtown Revitalization Program which makes the location appealing for downtown shopping. Town dock, marina and Trans Canada Trail is located 2 blocks away at the end of King Street. (id:4069)
Address
234-236 KING STREET
List Price
$1,650,000
Property Type
Retail
Area
Ontario
Sub-Area
Midland
Floor Area
15,000 Sq. Ft.
Lot Size
50.03 x 99.85 FT Sq. Ft.
MLS® Number
S8387926
Listing Brokerage
ED LOWE LIMITED
Postal Code
L4R3M2
Zoning
DC-F2
