For Sale: 983-989 Lorne Street

Commercial Investment Opportunity ideal for an owner/user or potential for redevelopment into many commercial uses. Solid construction with poured concrete and steel, designed to support heavy load. Large lot with plenty of room for parking or future expansion. Building has been family owned for many years, and well-cared for. There is currently a tenant leasing a portion of the main level office with warehouse space (2,385 Sq.Ft) with just under 3 years remaining in their current lease. There is an existing residential unit 2BR that’s currently rented for $1,500/mth with granite and hardwood throughout main level. The owner currently occupies 4,273 Sq.Ft and would vacate at closing, the remainder of the building is well-suited for office or retail use with plenty of large windows providing great natural light. Garage doors for shipping/receiving, space can be divided for multiple tenants or combined for single user. Great value for a high-traffic location with zoning that permits a multitude of commercial uses!  Potential to lease units at asking rate of $5-7 NET/Sq.Ft + Tax &CAM/Utilities, inquire for additional information.

Listing ID: MLS#24695
Asking Price: $789,000.00
Taxes / CAM: $42,220.58 / 2019
Zoning: C2 (71), C2
Square Footage: 13,458 sq ft
April 18, 2020


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