174 West Street S Orillia, Ontario L3V 6L4
$9,450,000
Prime Office Building Investment in Orillia Distinguished by its superior maintenance, strategic location, and strong investment potential, the building's strengths are: PEAK MAINTENANCE: Benefit from a property that's in excellent condition, with all capital improvements completed and up-to-date, ensuring a hassle-free investment. SOLID RETURNS: With 100% Occupancy, enjoy a 7.6% cap rate offering immediate cash flow. IDEAL LOCATION: Positioned directly across from the Orillia Recreation Centre and near amenities, this building is one of Orillia's most desirable office locations. GROWTH POTENTIAL: Located in an intensification node, anticipate capital appreciation with the city's forthcoming gentrification. Abutting 19.69 acre land also available as portfolio sale, along with another 23,477sf Orillia office building. (id:50787)
Property Details
| MLS® Number | 40615257 |
| Property Type | Office |
| Amenities Near By | Public Transit |
| Communication Type | High Speed Internet |
| Community Features | High Traffic Area |
| Features | Elevator, Crushed Stone Driveway |
| Parking Space Total | 160 |
Building
| Basement Type | Full |
| Exterior Finish | Brick Veneer |
| Stories Total | 3 |
| Size Exterior | 49322.0000 |
| Size Interior | 49322 Sqft |
| Utility Water | Municipal Water |
Land
| Acreage | Yes |
| Land Amenities | Public Transit |
| Sewer | Municipal Sewage System |
| Size Depth | 369 Ft |
| Size Frontage | 334 Ft |
| Size Irregular | 2.77 |
| Size Total | 2.77 Ac|2 - 4.99 Acres |
| Size Total Text | 2.77 Ac|2 - 4.99 Acres |
| Zoning Description | C4i (h1) |
Utilities
| Electricity | Available |
| Natural Gas | Available |
| Telephone | Available |
https://www.realtor.ca/real-estate/27150912/174-west-street-s-orillia
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
July 10 2024 11:13:51
Barrie & District Association of REALTORS® Inc.
Maven Commercial Real Estate Brokerage