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100-110-120 King Street E Prescott, Ontario K0E 1T0

Forced Air, Radiant Heat

$599,000

Century old stone building centrally located at main intersection of the commercial section of town. All apts. have views from their windows of the Prescott Marina , and the Mighty St. Lawrence. Bobby's restaurant occupies the main 2200 sq. ft. commercial space (recently renovated )and will sign a new 2 yr. lease. Candy store occupies the 1100 sq ft 2nd retail space . The residential component has 5-2 bdrm and 1 -1bedrm units that have all been extensively renovated in last 4 yrs. Tenants all on leases and pay hydro/water /gas. Building has new gas furnaces in both commercial units, new windows throughout building , restaurant and candy stores totally renovated and updated since purchase . Many units updated ,common areas renovated .New roof and flashing completed in 2012 . Own a piece of history in Prescott which will benefit from the new Giant Tiger warehouse opening Sept/2017 and a strong industrial base just 2 minutes east of town . Cap rate of 7.2 (id:25865)

Property Details

MLS® Number 1104192
Property Type Multi-family
Neigbourhood PRESCOTT

Building

Constructed Date 1881
Exterior Finish Stone
Fire Protection None
Fireplace Present No
Foundation Type Stone
Heating Fuel Natural Gas
Heating Type Forced Air, Radiant Heat
Stories Total 3
Utility Water Municipal Water

Land

Acreage No
Sewer Municipal Sewage System
Size Depth 136 Ft
Size Frontage 79 Ft ,2 In
Size Irregular 79.2 Ft X 135.96 Ft
Size Total Text 79.2 Ft X 135.96 Ft
Zoning Description Retail W/ Residentia

https://www.realtor.ca/PropertyDetails.aspx?PropertyId=19332194

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