Aerial perspective showcasing a mixed-use urban landscape with commercial and residential buildings

More Photos More Photos

Aerial perspective showcasing a mixed-use commercial and residential district with surrounding mature trees and a visible body of water Features: woods view, water view

Commercial building featuring brick and horizontal siding facades, multiple storefront entrances, and an expansive paved parking area Features: parking lot, commercial view, street lights

Commercial building featuring a brick facade and horizontal striped accents Features: parking lot, commercial view, street lights

Image quality insufficient for description Features: commercial view, parking lot, street lights, curbs

Commercial building featuring a brick facade and ample front parking Features: commercial view, sidewalks, street lights, curbs, street

Commercial building featuring a brick facade with a store entrance, visible signage, and an adjacent parking area Features: street lights, curbs, parking lot, commercial view, lawn

Image quality insufficient for description Features: curbs, sidewalks, street lights, street

Image quality insufficient for description Features: pendent fire sprinkler

Exterior brick wall with horizontal siding accent Features: apartment complex view, parking lot

Image quality insufficient for description Features: curbs, sidewalks, traffic signs, street, street lights

‹ › ×

For Sale - 260 King Street, Brockville, Ontario

260 King Street

Brockville , Ontario

3 $3,495,000

Est payment $16,783/mo

Get pre-qualified

Time on Jump 25 day

Mortgage Calculator

Purchase Price

Term

Interest Rate

Payment Frequency

Down Payment:
$ 174,750 ( 5% )

First Time Buyer:
Yes No

New Build:
Yes No

This offering presents an opportunity to acquire a downtown brockville retail investment on king street west, comprising approximately 21,000 sq. Ft. Of main floor retail space together with approximately 11,000 sq. Ft. Of second-floor mezzanine area. The property is fully leased to a single tenant under a net, carefree lease extending to april 2028. Based on the 2028 rental rate, the current asking price reflects an approximate 5. 68% market capitalization rate. The tenant has successfully operated from this location for approximately five years and holds one (1) additional five (5) year renewal option at fair market rent, exercisable with a minimum of six (6) months' prior written notice. The lease also includes a valuable redevelopment clause, permitting the landlord to terminate the tenancy upon 120 days' written notice to recapture vacant possession for reconstruction, redevelopment, demolition, or a change of use. This provides investors with stable in-place income while preserving a contractual pathway to future redevelopment and highest-and-best-use opportunities. The sprinklered building features ceiling heights of approximately 20 feet on the western portion of the main floor, with approximately 10-foot clearance beneath the mezzanine. The property is improved with a commercial building originally constructed in 1972 as a canadian tire store. It was expanded in 1991 and converted to furniture retail use in 1999. The current tenant operates one of a three-store thrift and consignment retail chain. Strategically located in brockville's downtown core, the property is situated adjacent to metro grocery and circle k, occupying a prominent corner location at king street west and gilmour street, less than one block from the brockville arts centre. The location benefits from excellent exposure, strong pedestrian activity, and convenient access to the surrounding commercial district. Serving a regional population extending well beyond its municipal boundaries

Listing IDX13577812

Address260 King Street

CityBrockville, Ontario

Price$3,495,000

Bath3 Full

StyleCommercial Retail

Land Size1.18

TypeIndustrial/Commercial

StatusFor Sale

Extras

Subtype Commercial RetailHeating / Cooling Gas Forced Air OpenSewer Sanitary

Market Info

Listing Agency:
RE/MAX RISE EXECUTIVES, BROKERAGE

Request a Tour
Request Info

ASAP

Thu

Aug

Fri

Aug

Sat

Aug

Sun

Aug

Mon

Aug

Tue

Aug

Wed

Aug

Thu

Aug

Fri

Aug

Sat

Aug

Sun

Aug

Mon

Aug

Tue

Aug

Wed

Aug

Thu

Aug

Fri

Aug

Sat

Aug

Sun

Aug

Mon

Aug

Tue

Sep

Wed

Sep

Thu

Sep

Fri

Sep

Sat

Sep

Sun

Sep

Mon

Sep

Tue

Sep

Wed

Sep

Thu

Sep

In-Person Video Chat

By clicking “Get pre-qualified” and/or 'Submit' you are expressly consenting, in writing, to receive telemarketing and other messages, including artificial or prerecorded voices, via automated calls or texts from jumprealty.ca and up.mortgages at the number you provided above. This consent is not required to purchase any good or service. Message and data rates may apply, frequency varies. Text HELP for help or STOP to cancel. More details in Terms of Use and Privacy Policy.

Listing Agency:
RE/MAX RISE EXECUTIVES, BROKERAGE

* 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.

Hospital

Parks

Schools

Place of Worship

Please select an amenity above to view a list.

For Sale - 260 King Street, Brockville, Ontario

Mortgage Calculator

Property Info

Extras

Market Info

View Amenities List

Recommended Properties