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$1,849,000
67 KING STREET E
Clarington, Ontario, Ontario, L1C1N4
MLS® Number: E12125607
Property description
FOR SALE AS IS. Offered at $300 per square foot. 6,156 square feet retail mixed-use asset in the downtown area in Bowmanville. Many permitted uses for end users with no commercial parking requirements, medical/dental, bank, general retail and office space, and much more. MASSIVE potential 8.7% CAP RATE upside to any new investor. Durable commercial building with architectural block construction and substantial structural steel framing, metal decking, and concrete first and second floors on the North wing (50%) fronting onto King Street. Features an older brick East wing (1960s-1980s) with wood framing and plaster walls and ceiling for substantial fire resistance. On the south face , there are upgraded balconies. Extensive fire code upgrades in 2016 completed; units are separately metered. Potential for additional floors on the front North section, subject to approvals.
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Courtesy of HOMELIFE TODAY REALTY LTD.
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