
Courtesy of: Moe McIlwain, Salesperson, RE/MAX HALLMARK REALTY GROUP
$599,900
|
5,000 square feet
|
|
Retail
|
$599,900
188-192 RAGLAN STREET S **Interior photos to come soon - email me to be notified** AN OWNER-OCCUPIER'S DELIGHT or INVESTORS CASH COW in the growing town of Renfrew. Only 45 min from Ottawa, this Exceptional mixed-use investment opportunity with immediate cash flow and significant value-add potential. All Roofs replaced 2023. Featuring one leased long-term tenant retail storefront ($2500+hydro), another vacant 1250 sqft storefront retail, PLUS a 2, 500+ sq. ft. second-floor office space (currently vacant). Potential Income & Expenses: Gross Income: $84, 000/year ($2, 000/month for office x 2 retail units at $2500/month) Expenses: Approx. $17, 804/year (projected to decrease) Potential NOI: $62, 196/year. The upper-level 2, 500+ sq. ft. office presents major upside. Add value and resell, or hold for strong long-term cash flow. Priced at just over $100 per sq. ft., this is a rare opportunity to acquire a cash-flowing asset with substantial upside. AN ADDED BONUS: owner-occupiers can operate their business upstairs while off-setting costs with income from the leased retail units - potentially running at low to no overhead. Cash flow today. Increase value tomorrow. 24 hours' notice required for showings to see whole building. Book your viewing today. (id:203)