262 King Street
Midland, L4R 3M3
FOR SALE
$595,000
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Store W Apt/Office
CATEGORY2,725 Sq Ft
TOTAL AREAS12722258
MLSIDContact Us
Property Description
Prime Investment Opportunity. Fully occupied/stabilized commercial/retail asset with rental upside. Located in Downtown Midland. Steady cashflow assets, 6.6% cap rate on existing income. Premium Cannabis retail store and 2 residential 1 BD units above. 3 Dedicated parking spots. Lots of walking and vehicular traffic. Excellent signage on busy downtown. Fast growing market of Midland ON just off the Georgian Bay.
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Property Details
Address
262 King Street
Community
City
Postal Code
L4R 3M3
Property Type
Store W Apt/Office, Store W Apt/Office
Use
Store With Apt/Office
Zoning
DC-F2
Lot Size
20' x 168'
Total Area
2,725 Sq Ft
Retail Area
100
Taxes
$6,200 (2025
Heat Type
Gas Forced Air Closed
Water
Municipal
Garage Type
Outside/Surface
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Listing contracted with Lennard Commercial Realty
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