Retail lot for sale

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30713528
Property Subtypes: Convenience Store, Free-Standing Building, Street Retail
Status: Pending
Building Size (RSF): 2,500 SF
Gross Building Area: See Agent
Gross Land Area: 9,987 SF
Sale Price: $350,000
Unit Price: $140 PSF
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/18/2021

Overview / Comments

Retail lot at the Corner of Ellice Ave and Victor St, close U of W.
Zoning: C2
Lot size: 9987 sqft more or less
Retail shop leased to the grocery business from Jan 1, 2021 with 5 years term.
Stable and long term rental income
The tenant paid all operating expenses.
The fire disaster happened on May and the building could be demolished or repaired, so the price reduced a big amount for sale. The lot is for sale only.
The buyer could use the premise for their business and subject to the seller terminating the lease agreement.
The photo was taken before the fire disaster.

Additional Details

Nearest MSA: Winnipeg
Market: Winnipeg
Submarket/Township: 5A
Tax ID/APN: 13040677000
Zoning: C2

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Contact

Photograph of Listing Agent

Wei Zhong

Settleway Realty
CPIX® Member
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