25 MAIN Street E Active

Norwich,ON N0J1P0

$ 2000000

- Bed

- Bath

10276 SqFt


Key Details

Property Type Commercial

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Square Footage 10,276 sqft

Price per Sqft $194

Subdivision Norwich Town

MLS Listing ID 40567108

Originating Board Woodstock Ingersoll Tillsonburg and Area Association of REALTORS® (WITAAR)

Lot Size 0.519 Acres

Acres 22607.64

Property Description

Looking for an investment with a return with a 7.5% cap rate? This property is operated as a retirement home with 20 beds, main floor kitchen plus an on-site residence for the owners, a car port , ample parking, and substantial upgrades over the past seven years, including a new elevator, fire suppression systems, windows, stand by generator, and much more. This is a building/land sale only. The tenant will sign a 5 year triple net lease with an extension option for a further 10 years. (id:24570)

Location

State ON

Exterior

Parking Features Yes

View Y/N No

Total Parking Spaces 10

Private Pool No

Building

Story 2

Sewer Municipal sewage system

Others

Ownership Freehold

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