BUILDING FOR SALE ONLY: Stand alone commercial building on a prime corner lot in downtown Kingston. Strong return with existing tenancy and revenue. Net annual rent to Seller/Landlord is: $31 213.13. Tenant has leased and occupied the property since 1984. Seller has owned the property since 1985. Current Lease renewal in place until June 30th, 2029, with 2 further options until 2039. Lease is a Head Corporate, Triple Net lease, with all costs paid for by the tenant. No Environmental Reports on file. Property is being sold as is where is, Buyer to conduct their own due diligence. Offers to be received no later than 12:00 pm on June 17th, 2025. ALL offers MUST have a minimum 48 hour irrevocable, and any completion date must be on or after the 16th of September 2025. Lease documents on file and will only be released upon a fully completed NDA/CA. (id:48744)
| BusinessType | Retail and Wholesale |
| BusinessSubType | Retail misc. |
| MLS® Number | X12188277 |
| Property Type | Retail |
| Community Name | 22 - East of Sir John A. Blvd |
| CoolingType | Fully Air Conditioned |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| UtilityWater | Municipal Water |
| Acreage | No |
| SizeDepth | 101 Ft ,2 In |
| SizeFrontage | 82 Ft ,4 In |
| SizeIrregular | 0.186 |
| SizeTotal | 0.186 Ac |
| SizeTotalText | 0.186 Ac |
| ZoningDescription | Ur.5 |
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Not intended to solicit buyers or sellers currently under contract. © 2021 | Sold by Cheryl | Built with Love by Aaru Canada
