789 King Ave E
Clarington, L1B1K8
UNAVAILABLE
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Highway Commercial
CATEGORY7,650 Sq Ft
TOTAL AREAE3836084
MLSIDContact Us
Property Description
**331 Foot Frontage Directly On Highway #2! ** Awesome Location On The Eastern Edge Of The Town Of Newcastle. This Fully Tenanted Property Generates Excellent Revenue Putting The Value In The 6% Cap Range. Motel Rooms Are Long Term Suites With Very Little To No Management Required. The Restaurant Space Is Very Successful & On A Long Term Lease.
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Extras
**Rare Opportunity ** To Own A Fully Tenanted, Mixed Use Property In Excellent Condition. Much Of The Equipment Is Recent & The Recent Steel Roofing Should Provide Many Years Of Worry Free Life.
Property Details
Category
Highway Commercial
Usage
Hospitality/Food Related
Zoning
C5-8
Total Area
7,650 Sq Ft
Retail Area
5,650 Sq Ft
Lot Size
331' x 174'
Taxes
$9,573 (2017)
Air Conditioning
Yes
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Listing contracted with Coldwell Banker - R.M.R. Real Estate, Brokerage
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