276 King St

Welland, L3B3J8
UNAVAILABLE
276 King St, Welland
Multi-Use
CATEGORY
4,874 Sq Ft
TOTAL AREA
X4585445
MLSID
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Property Description
Property Tour By Appointment Only 2:30 To 3:00 Pm Saturday Oct 5th. * Price Include 2 Legal Titles(268+276 King St),Also Known 268+270+272+274+276+278 King St,Combined Frontage 88 Feet.4 Buildings+1 Warehouse+Coin Laundry+Mr Panini Sandwich Business(Opened 2018) Included.5 Kitchens+11 Washrooms+10 Parking.Current 14 Rooms(Avg $500 Each)+Apartments Income About $12,000/Month+Coin Laundry Income About $4,000/Month. Expenses Per Month
Extras
(Hydro $1000, Heat $553, Water $300), Potential More Income When Convert Warehouse (Facing Albert St) To 10 More Residential Units.Property In "As Is-Where Is". No Warranties From Seller/Agents.Buyer To Perform His Own Due Diligence
Property Details
Category
Multi-Use
Usage
Retail Store Related
Zoning
C3
Total Area
4,874 Sq Ft
Lot Size
44' x 111'
Taxes
$8,798 (2019)
Parking Spaces
10
Air Conditioning
Yes
Listing contracted with Re/Max Realty Specialists Inc., Brokerage
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Busy Convenience Store with two apartments. First time in the market Property with Business. Convenience store with Three Bedroom apartment upstairs and two Bedroom Apartment in the Basement with huge backyard and 10 parking's. Just see it to believe it.Amazing location and all proven Sales numbers. Same Owners since 16 years. Sales at $ 725000 a Year ($ 14000 a WEEK )without Lotto. Only 43% Cigarettes' Sales.High Margin store with additional Income $ 54000 from Lotto and ATM commissions.NET NET Profits $ 200,000 as per seller. ATM owned by them. Get this Gold Mine before its gone.
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