227-229 Pearl ST, Thunder Bay, Ontario, P7B1E3

Property Description

**FOR SALE***HUGE INVESTMENT PROPERTY*** PRIME DOWNTOWN WATERFRONT DISTRICT*****11,880 sf + 3 Parking Lots**8% CAP RATE* PERFECT FOR INVESTMENT**Annual Rent Potential $155,000+: Lower Level-$64,979.86 (Leased) + 2nd Floor-$25,066.50 (Leased)+ Main Floor $64,000(Currently Vacant) *** Full NEW Commercial Kitchen 2024** Eating & Bar Area in Basement. **Stage** + Natural Hardwood Dance Floor- Wide Open Space, 2 Office Spaces+ Bathrooms. Brand new Boiler System Installed in (2023); with Plenty of Parking in PRIME DOWNTOWN PORT ARTHUR LOCATION!!*INCLUDES 3 ADJACENT, PARKING LOTs (33' X 165')* Currently Basement & 2nd Floor are Leased, Main Floor is vacant Open Concept banquet hall Stage, dance floor and wide open space on main floor along with additional rentable office space on main floor with 2-piece bathroom. Second floor includes 8 total individual offices paces plus boardroom and storage room with two complete bathrooms *VACANT IMMEDIATE POSSESSION**Please Call Anytime for Details & Showings. (id:64974)

Quick Facts

• Property Type: Retail
• Bedrooms: None
• Bathrooms: None
• Living Area: 12,000 sq ft (1,114.8 m²)
• Lot Size: 0.3200 acres (0.13 ha)
• Frontage: 198 ft (60.4 m)

Costs

• Annual Taxes: $19,944.41

Listing Provided by: ROYAL LEPAGE LANNON REALTY
Board: Thunder Bay Real Estate Board
Data provided via CREA DDF®.