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162 Division St 4,800 SF Retail Building Kingston, ON K7L 3M6 $1,449,000 CAD ($301.88 CAD/SF)
INVESTMENT HIGHLIGHTS
- Development potential
- Located in the heart of Kingston's "Hub" and steps from Queen's University.
EXECUTIVE SUMMARY
A 4,700 sq ft two storey commercial building located in the heart of Kingston's "Hub" and steps from Queen's University.
The property benefits from recent planning approvals to redevelop into a mixed use project containing 8 residential apartments.
The property also benefits from 10 parking spaces.
The existing commercial zoning permits a wide variety of uses including clinics, retail, restaurants, place of worship and grocery store.
The adjacent properties were recently rezoned and developed into 6-storey and 4-storey buildings with a total of 145 bedrooms, giving further density potential to the Buyer.
The property benefits from recent planning approvals to redevelop into a mixed use project containing 8 residential apartments.
The property also benefits from 10 parking spaces.
The existing commercial zoning permits a wide variety of uses including clinics, retail, restaurants, place of worship and grocery store.
The adjacent properties were recently rezoned and developed into 6-storey and 4-storey buildings with a total of 145 bedrooms, giving further density potential to the Buyer.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Building in Shell Condition
Property Type
Retail
Property Subtype
Storefront
Building Size
4,800 SF
Building Class
C
Year Built
1950
Price
$1,449,000 CAD
Price Per SF
$301.88 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.61
Lot Size
0.18 AC
Zoning
CA - Commercial - The existing commercial zoning permits a wide variety of uses including clinics, retail, restaurants, place of worship and grocery store.
Parking
10 Spaces (2.08 Spaces per 1,000 SF Leased)
Frontage
73’ on Division Street
Walk Score®
Walker's Paradise (99)
Bike Score®
Very Bikeable (88)
NEARBY MAJOR RETAILERS
1 of 8
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162 Division St
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