Catylist ID:
#30332229
Wow- Exposure AND Parking !!!!
Retail-Commercial
for Sale
| Catylist Listing ID: | 30332229 |
| Property Subtypes: | Mixed Use, Restaurant, Street Retail, Other |
| Building Size (RSF): | 6,893 SF |
| Gross Building Area: | See Agent |
| Gross Land Area: | 9,189 SF |
| Sale Price: | $1,500,000 |
| Unit Price: | $217.61 PSF |
| Property Use Type: | Net Leased Investment (NNN), Investment |
| Sale Terms: | Cash to Seller |
| Last Updated: | 1/1/2021 |
Overview / Comments
|
Two well established businesses, at below market rents, in a high profile property on busy Portage Ave., spells OPPORTUNITY for savvy Commercial Real Estate Investors!!!!! This property has been well maintained, has an upgraded facade, great signage, has 9 stalls in the rear, roof replaced +/- 2013 & shows very well. BOOK A SHOWING NOW - THIS PROPERTY WONT LAST! CALL DAVE BERGMAN AT 204-229-5136 |
Attachments & Media
Financials
| Finance Data Year | 2018 |
|---|---|
| Real Estate Taxes - Annual($) | $24,009 (Annual) |
| Assessed Value - Total($) | $1,000,000 (Annual) |
| Potential Rental Income | $124,074 (Annual) |
| Gross Operating Income | $171,500 (Annual) |
| Net Operating Income | $124,074 (Annual) |
| Actual or Proforma Year | Proforma |
| Lender Name | TACT |
Current Tenants
| Tenant Business Name | Mooshiro Japanese Cuisine |
| Is Renting? | Yes |
| Options | Yes |
| Tenant Business Name | Bethel Dental Centre |
| Is Renting? | Yes |
| Escalations | Yes |
| Options | Yes |
| Tenant Notes | Long established Dental Center provides service work to dental offices around the City. |
Additional Details
| Nearest MSA: | Winnipeg |
| Market: | Winnipeg |
| Submarket/Township: | 5A |
| Tax ID/APN: | 12090262000 |
| Zoning: | C2 |
| Retail Clientele: | Business |
| Property Visibility: | Excellent |
| Feet of Frontage: | 875 |
| Traffic/Vehicle Count: | 45,800 |
| Tenancy: | Multiple Tenants |
| Total Number of Buildings: | 1 |
| Number of Stories: | 1 |
| Property Condition: | Good |
| Roof Type: | Flat |
| Total Parking Spaces: | 9 |
| Parking Type: | Surface |
| Interior Description: | 1 high profile restaurant tenant & 1 established Dental lab tenant |
| Zoning Description: | C2 |
| Lot Frontage: | 87.5 |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
| Legal Description: | Lots 1&2, Plan 435, RL 71, parish of St James |
Contact
Joe BanfieldRE/MAX professionalsCPIX® Member 
David BergmanRE/MAX professionalsCPIX® Member |
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