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$1,699,900
Status: OFF MARKET
Prime Commercial Property with Established Automotive Business and Spacious Living Quarters! This automotive shop is situated in a high-visibility location on one of Orillia's busiest streets. The property offers a thriving 4-bay automotive shop on the main floor and a sprawling 3,900 sq ft apartment upstairs. Operating as Memorial Automotive and in their 17th yr of business, the main floor long-term tenant wishes to stay and is willing to negotiate a new 5-8 yr lease with the option to renew. Whether you're looking to continue with the existing automotive business, explore other commercial ventures, or convert the space for a different purpose, the possibilities are endless. The apartment on the upper level offers comfortable living accommodations. It can be occupied by the owner or leased separately to generate additional rental income. It offers 4 bedrooms, 2 bathrooms and 2 dedicated parking spaces. The zoning is mixed use (C4i) which can be used for almost any purpose imaginable.
| Property Type | :Commercial |
|---|---|
| MLS Number | :S6792538 |
| Listing Type | :Sale |
| Possession Date | : |
| Last Updated | :12 Oct, 2023 (439 Days ago) |
| Source | :TRREB |
| Area | :Simcoe |
|---|---|
| Postal Code | :
L3V 5X6
|
| Price | : $1,699,900 |
|---|---|
| Property Taxes | :$16836.00 |
| Tax Year | :2022 |
|---|
| Cross Street | :Highway 11 To Memorial Ave |
|---|
12 Oct, 2023
TREB #S6792538
Available
$1699900.0
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$1,699,900
280 Memorial Ave, Simcoe, Ontario
Listing ID #S6792538
Price drop by $100,000