Exceptional investment opportunity in the heart of downtown St. Marys. This mixed-use property features a main-level national chain tenant secured under a long-term lease, providing stable and reliable income.The upper level offers a fully renovated 2-bedroom residential unit currently operating as a successful owner-managed short-term rental, with flexibility for continued short-term use, conversion to a long-term rental, or personal occupancy.Additional value-add potential exists with unfinished space ready for development into a one-bedroom residential suite, allowing for increased future income.Positioned on a prominent corner lot in a high-traffic, high-growth area, this property benefits from excellent visibility and strong foot traffic. St. Marys is a sought-after destination with year-round tourism, supporting consistent rental demand.Approximate 4.5 cap rate with upside potential through further development. Please do not go direct. Contact your REALTOR for more information. (id:63008)
| MLS® Number | X12699368 |
| Property Type | Business |
| Community Name | St. Marys |
| EquipmentType | Water Heater |
| RentalEquipmentType | Water Heater |
| BathroomTotal | 3 |
| Age | 100+ Years |
| Appliances | Dishwasher |
| CoolingType | Fully Air Conditioned |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| SizeInterior | 3800 Sqft |
| UtilityWater | Municipal Water |
| Acreage | No |
| SizeDepth | 56 Ft |
| SizeFrontage | 42 Ft ,2 In |
| SizeIrregular | 42.18 X 56 Ft |
| SizeTotalText | 42.18 X 56 Ft |
| ZoningDescription | C1-1 |
https://www.realtor.ca/real-estate/29254641/100-queen-street-e-st-marys-st-marys
Julie Heitbohmer
Salesperson
Ras Fahraeus
Salesperson