1720 Algonquin Avenue North Bay, Ontario P1B 4Y9


This commercial/retail building draws a large traffic flow from all the major roads surrounding it. High-traffic and high-exposure are huge benefits of this location. Currently leased out with good terms and tenants wanting to stay, but leases can be bought out buy seller if an owner-occupier wishes to use the space for themselves. Gross rents are $4700 per month for the two spaces, or $56,400 per year, tenants pay all expenses - triple net lease. 7% CAP rate investment for the investor buyer! Lots of parking, easy access, and great condition make this an amazing investment property. VTB options available. 1870 sq ft on main level and 1300 sq ft in the basement. (id:43503)

Property Details

MLS® Number 40509522
Property Type Retail
Amenities Near By Airport, Hospital, Public Transit
Communication Type High Speed Internet
Community Features High Traffic Area
Features Paved Driveway


Basement Type Partial
Exterior Finish Brick
Fire Protection Alarm System
Foundation Type Poured Concrete
Stories Total 1
Size Exterior 1870.0000


Access Type Highway Access
Acreage No
Land Amenities Airport, Hospital, Public Transit
Sewer Municipal Sewage System
Size Depth 91 Ft
Size Frontage 60 Ft
Size Total Text Under 1/2 Acre
Zoning Description C4


Electricity Available
Natural Gas Available
Telephone Available



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