174 West Street S Orillia, Ontario L3V 6L4
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$9,450,000
Prime Office Building Investment in Orillia Distinguished by its superior maintenance, strategic location, and strong investment potential, the building's strengths are: PEAK MAINTENANCE: Benefit from a property that's in excellent condition, with all capital improvements completed and up-to-date, ensuring a hassle-free investment. SOLID RETURNS: With 100% Occupancy, enjoy a 7.6% cap rate offering immediate cash flow. IDEAL LOCATION: Positioned directly across from the Orillia Recreation Centre and near amenities, this building is one of Orillia's most desirable office locations. GROWTH POTENTIAL: Located in an intensification node, anticipate capital appreciation with the city's forthcoming gentrification. Abutting 19.69 acre land also available as portfolio sale, along with another 23,477sf Orillia office building. (id:50638)
Property Details
| MLS® Number | 40615257 |
| Property Type | Office |
| Amenities Near By | Public Transit |
| Communication Type | High Speed Internet |
| Community Features | High Traffic Area |
| Features | Elevator, Crushed Stone Driveway |
| Parking Space Total | 160 |
Building
| Basement Type | Full |
| Exterior Finish | Brick Veneer |
| Stories Total | 3 |
| Size Exterior | 49322.0000 |
| Size Interior | 49322 Sqft |
| Utility Water | Municipal Water |
Land
| Acreage | Yes |
| Land Amenities | Public Transit |
| Sewer | Municipal Sewage System |
| Size Depth | 369 Ft |
| Size Frontage | 334 Ft |
| Size Irregular | 2.77 |
| Size Total | 2.77 Ac|2 - 4.99 Acres |
| Size Total Text | 2.77 Ac|2 - 4.99 Acres |
| Zoning Description | C4i (h1) |
Utilities
| Electricity | Available |
| Natural Gas | Available |
| Telephone | Available |
https://www.realtor.ca/real-estate/27150912/174-west-street-s-orillia
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July 10 2024 11:13:51
Barrie & District Association of REALTORS® Inc.
Maven Commercial Real Estate Brokerage