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26
280 Memorial Ave
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$1,699,900 List $1,699,900 -
Sold on: 91 days ago
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Key Facts
Key facts for 280 Memorial Ave
Property Type
Commercial
Parking
None
MLS #
S6792538
Size
-
Basement
-
Listed on
-
Lot size
100 x 150.00
Tax
$16,836 /yr
Days on Market
-
Approximate Age
-
Maintenance Fee
-
Description
Prime Commercial Property with Established Automotive Business and Spacious Living Quarters! This automotive shop is situated in a high-visibility location on one of Orillia's busiest streets. The property offers a thriving 4-bay automotive shop on the main floor and a sprawling 3,900 sq ft apartmen...t upstairs. Operating as Memorial Automotive and in their 17th yr of business, the main floor long-term tenant wishes to stay and is willing to negotiate a new 5-8 yr lease with the option to renew. Whether you're looking to continue with the existing automotive business, explore other commercial ventures, or convert the space for a different purpose, the possibilities are endless. The apartment on the upper level offers comfortable living accommodations. It can be occupied by the owner or leased separately to generate additional rental income. It offers 4 bedrooms, 2 bathrooms and 2 dedicated parking spaces. The zoning is mixed use (C4i) which can be used for almost any purpose imaginable.
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Courtesy of: EXIT REALTY TRUE NORTH