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262 King St
Midland, ON L4R 3M3
Retail Property For Sale


Executive Summary
Power of Sale. Prime Investment Opportunity. Fully occupied/stabilized commercial/retail asset with rental upside. Located in Downtown Midland. Steady cashflow assets, 7% 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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,725 SF
Building Class
C
Year Built
1900
Price
$549,900 CAD
Price Per SF
$201.80 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.89
Lot Size
0.07 AC
Zoning
DC-F2 - Downtown Core Commercial
Frontage
23’ on King
1 of 3
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