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$ 1,849,000
Est. payment /mo
Price Dropped by $141K
67 King ST E Clarington, ON L1C 1N4
8,353 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 8,353 sqft
Price per Sqft $221
Subdivision Bowmanville
MLS Listing ID E12125607
Annual Tax Amount $15,292
Tax Year 2024
Property Sub-Type Commercial Retail
Property Description
FOR SALE AS IS. Offered at $300 per square foot. 6,156 square feet retail mixed-use asset in the downtown area in Bowmanville. Many permitted uses for end users with no commercial parking requirements, medical/dental, bank, general retail and office space, and much more. MASSIVE potential 8.7% CAP RATE upside to any new investor. Durable commercial building with architectural block construction and substantial structural steel framing, metal decking, and concrete first and second floors on the North wing (50%) fronting onto King Street. Features an older brick East wing (1960s-1980s) with wood framing and plaster walls and ceiling for substantial fire resistance. On the south face , there are upgraded balconies. Extensive fire code upgrades in 2016 completed; units are separately metered. Potential for additional floors on the front North section, subject to approvals.
Location
Province ON
County Durham
Community Bowmanville
Area Durham
Interior
Cooling Partial
Exterior
Community Features Major Highway, Public Transit
Utilities Available Yes
Lot Frontage 50.0
Lot Depth 165.0
Others
Security Features No
Listed by HOMELIFE TODAY REALTY LTD.