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    For Sale - 188-192 RAGLAN Street, Renfrew, Ontario

    Est payment $2,881/mo
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    Views   3
    Time on Jump  55 day

    AI Summary *

    • Great mixed-use property in a growing town, ideal for various business opportunities.
    • Immediate cash flow from a long-term tenant and potential from vacant spaces.
    • Recent roof updates and renovations totaling $100,000 enhance property value.
    • Spacious second-floor office offers significant upside for income generation.
    • Public parking available in front for easy access to the business.




    **interior photos to come soon - email me to be notified** want to open a cafe or men's clothing store or be an investor? 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 2024 plus updates equal $100,000 over last 2 years. Featuring one leased long-term tenant retail storefront ($2500+hydro), another vacant 1000 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 approx 2,000 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. Public parking in front.
    Listing IDX12824608
    Address188-192 RAGLAN Street
    CityRenfrew, Ontario
    Price$599,900
    StyleCommercial Retail
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype Commercial RetailHeating / Cooling Gas Hot Water

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    Listing Agency:  RE/MAX HALLMARK REALTY GROUP

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    188-192 Raglan Street
    Renfrew , Ontario
    $599,900
    Get more info