Turnkey mixed-use investment opportunity in the heart of downtown St. Marys. This fully tenanted property features a main-level national retail tenant under a long-term lease, providing stable and predictable income. The upper level includes a fully renovated 2-bedroom residential unit currently operating as a short-term rental, with flexibility for continued use, long-term tenancy, or owner occupancy (subject to applicable regulations). Additional unfinished space offers the potential to create a one-bedroom residential unit (buyer to verify), providing an opportunity to increase future income. Located on a prominent corner lot in the downtown core, the property benefits from strong visibility, walkability, and year-round tourism activity that supports rental demand. Approximate 4.5% cap rate with upside potential. Financial details available upon request for pre-qualified buyers. Please do not go direct. Contact your REALTOR for more information. (id:61445)
| MLS® Number | X12699368 |
| Property Type | Business |
| Community Name | St. Marys |
| EquipmentType | Water Heater |
| RentalEquipmentType | Water Heater |
| BathroomTotal | 3 |
| Age | 100+ Years |
| Appliances | Dishwasher |
| CoolingType | Fully Air Conditioned |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| SizeInterior | 3800 Sqft |
| UtilityWater | Municipal Water |
| Acreage | No |
| SizeDepth | 56 Ft |
| SizeFrontage | 42 Ft ,2 In |
| SizeIrregular | 42.18 X 56 Ft |
| SizeTotalText | 42.18 X 56 Ft |
| ZoningDescription | C1-1 |
https://www.realtor.ca/real-estate/29254641/100-queen-street-e-st-marys-st-marys
Contact us for more information
Julie Heitbohmer
Salesperson
Ras Fahraeus
Salesperson