234-236 King Street
Midland, L4R 3M2
FOR SALE
$1,650,000
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Commercial Retail
CATEGORY15,000 Sq Ft
TOTAL AREAS8387926
MLSIDContact Us
Property Description
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.
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Property Details
Address
234-236 King Street
Community
City
Postal Code
L4R 3M2
Property Type
Commercial Retail, Commercial Retail
Use
Multi-Use
Zoning
DC-F2
Lot Size
50' x 100'
Total Area
15,000 Sq Ft
Office Area
10,000 Sq Ft
Retail Area
5,000 Sq Ft
Taxes
$17,015 (2024
Basement
[]
Exterior
[]
Heat Type
Gas Hot Water
Water
Municipal
Pool
[]
Garage Type
None
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Listing contracted with Ed Lowe Limited
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