174 West Street S Orillia, Ontario L3V 6L4
$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:50886)
Property Details
| MLS® Number | 40615257 |
| Property Type | Office |
| AmenitiesNearBy | Public Transit |
| CommunicationType | High Speed Internet |
| CommunityFeatures | High Traffic Area |
| Features | Elevator, Crushed Stone Driveway |
| ParkingSpaceTotal | 160 |
Building
| BasementType | Full |
| ExteriorFinish | Brick Veneer |
| StoriesTotal | 3 |
| SizeExterior | 49322.0000 |
| SizeInterior | 49322 Sqft |
| UtilityWater | Municipal Water |
Land
| Acreage | Yes |
| LandAmenities | Public Transit |
| Sewer | Municipal Sewage System |
| SizeDepth | 369 Ft |
| SizeFrontage | 334 Ft |
| SizeIrregular | 2.77 |
| SizeTotal | 2.77 Ac|2 - 4.99 Acres |
| SizeTotalText | 2.77 Ac|2 - 4.99 Acres |
| ZoningDescription | C4i (h1) |
Utilities
| Electricity | Available |
| Natural Gas | Available |
| Telephone | Available |
https://www.realtor.ca/real-estate/27150912/174-west-street-s-orillia
Interested?
Contact us for more information
Stephanie Maye
Broker of Record
19 Poyntz Street, Suite 100
Barrie, Ontario L4M 3N8
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July 10 2024 11:13:51
Barrie & District Association of REALTORS® Inc.
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