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Orillia,ON L3V 6L4
Key Details
Property Type Commercial
Sub Type Office,Building and Land
Listing Status Active
Purchase Type For Sale
Square Footage 49,322 sqft
Price per Sqft $191
MLS Listing ID 40615257
Annual Tax Amount $83,398
Lot Size 2.770 Acres
Property Sub-Type Office,Building and Land
Property Description
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.
Location
Province ON
County Simcoe County
Area Orillia
Zoning C4i (H1)
Rooms
Kitchen 0
Exterior
Parking Features Gravel
Utilities Available Electricity Connected,Natural Gas Connected,Recycling Pickup,Street Lights,Phone Connected
Building
Lot Description Rectangular,Ample Parking,Business Centre,City Lot,High Traffic Area,Public Transit
Story 3
Sewer Sewer (Municipal)
Water Municipal
Structure Type Brick Veneer
New Construction No
Others
Virtual Tour https://youtu.be/yGLyp9Jtqng