For sale: A meticulously maintained retail investment plaza with full occupancy. The building spans 6,430 square feet and is situated on 0.56 acres of land, housing a total of 5 long-standing tenants. Nestled within the heart of Kitchener's Centreville neighborhood, this property is strategically located in a designated commercial zone. Surrounded by a diverse array of commercial retail, service, hotel, motel, office, and residential properties, it offers an attractive location. Moreover, it enjoys proximity to a bustling freeway interchange off Hwy 8, with an impressive daily traffic count of 26,267 vehicles. Zoned as COM-2, this property offers flexibility for a wide range of commercial, retail, and office uses. The current owner has diligently cared for this asset since 2007, consistently investing in maintenance and capital improvements. Moreover, there are 27 ample onsite parking spaces, ensuring tenant satisfaction. All the current tenants are paying rental rates below the local average for similar properties in Kitchener. This presents a prime opportunity for a new owner to increase rental rates upon lease renewals. For savvy investors looking to expand their portfolio, this is an exceptional proposition worth considering. Further information can be released upon the execution of a confidentiality agreement. (id:38039)
| MLS® Number | 40493909 |
| Property Type | Retail |
| Communication Type | High Speed Internet |
| Community Features | High Traffic Area |
| Parking Space Total | 27 |
| Sign Type | Pylon |
| Basement Type | None |
| Constructed Date | 1983 |
| Exterior Finish | Brick, Steel |
| Foundation Type | Poured Concrete |
| Stories Total | 1 |
| Size Exterior | 6430.0000 |
| Utility Water | Municipal Water |
| Access Type | Highway Access |
| Acreage | No |
| Sewer | Municipal Sewage System |
| Size Depth | 100 Ft |
| Size Frontage | 270 Ft |
| Size Irregular | 0.561 |
| Size Total | 0.561 Ac|1/2 - 1.99 Acres |
| Size Total Text | 0.561 Ac|1/2 - 1.99 Acres |
| Zoning Description | Com-2 |
| Electricity | Available |
| Natural Gas | Available |
| Telephone | Available |
https://www.realtor.ca/real-estate/26125227/2880-king-street-e-kitchener
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