133/135 John ST new Save Request In-Person Tour Request Virtual Tour
Lennox & Addington,ON K7R 1R1
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 3,950 sqft
Price per Sqft $98
Municipality Greater Napanee
MLS Listing ID X11942177
Annual Tax Amount $4,843
Tax Year 2024
Property Description
Prime investment opportunity in the heart of historic downtown Napanee! This fully tenanted, mixed-use building offers two residential units and a commercial storefront, generating a total annual rental income of $37,416. Recent upgrades include electrical panel updates (Fall 2024) and the installation of new 3 separate hydro meters. The residential units are fully rented, with one tenant paying utilities and the others enjoying all-inclusive arrangements. The commercial storefront provides excellent potential, with permitted uses available upon request. Located in the quaint Town Square, the property is surrounded by charming boutiques, restaurants, and the allure of small-town living. With annual expenses of $14,100.48 and a CAP rate of 5.98%, this is an ideal investment for those seeking steady cash flow in a prime location. Don't miss this opportunity to own a versatile property in one of Napanees most desirable areas. All Showing requests must be made 48 hrs in advance.
Location
Province ON
County Lennox & Addington
Community Greater Napanee
Area Lennox & Addington
Region Greater Napanee
City Region Greater Napanee
Interior
Cooling No
Exterior
Garage Spaces 8.0
Utilities Available Available
Lot Frontage 32.61
Lot Depth 168.94
Others
Security Features No