79 King Street A&B

Cobourg, K9A 2M4
FOR SALE
$699,000
79 King Street A&B, Cobourg
79 King Street A&B
79 King Street A&B
79 King Street A&B
79 King Street A&B
79 King Street A&B
79 King Street A&B
79 King Street A&B
79 King Street A&B
Commercial Retail
CATEGORY
2,263 Sq Ft
TOTAL AREA
X11824328
MLSID
Contact Us
Property Description
2 Excellent TENANTED Commercial Units with shared Entry Vestibule. Main Street Prime Storefront Location. Superb condition. 1 is 4 Offices w/ Reception area and 1 is large open Retail Gift Shop & Home Decor store. Beautifully finished contemporary spaces. Both have large Display Windows. Unit A Tenanted for 6 yrs has 4 Offices, Reception, 2 2-pce Baths R/in, Storage. Unit B is Beautiful Large Retail space. High Ceilings. Newer Flooring. You can purchase this turnkey Investment located in an in-demand, bustling Downtown Heritage Streetscape in Cobourg's downtown. Brimming with high energy entrepreneurs and a variety of all shops & services, restaurants & cafes. The Business and Shopping mecca 100 km to Toronto in a cosmopolitan downtown...just Steps to the shimmering and boat-filled Marina in summer, the Harbourfront Esplanade, Lakefront, Boardwalk for strolling & the coveted sandy Beach. VIA Station is 1blk. 401 close by. Convenient for commuters. Set amongst Key Anchor Tenants: Banks, Financial & Professional Services, Victoria Hall, Art Gallery, Concert Hall, Restaurants, Cafes in the Business, Shopping, Entertainment & Tourist District. Unit A 1140 Sq Ft Pays $19,019/YR Base Rent + $11,289.72/YR TMI or Monthly Base Rent $1,584.91/m + $940.81 TMI/m (Condo Fee $541.04/m + Property Tax $399.77/m) + Heat/Utilities. Leased through 10/31/2026 Unit B 1120 Sq Ft Pays $31,764.12/YR Gross Lease or $2,647.01/m Gross Lease + Heat/Hydro. LL Pays only Unit B TMI $770.75 (Condo Fee $451.28/m & Property Tax $319.47/m) Unit B Leased through 11/30/2025 NOTE: (Condo fees cover: Water, Bldg. Insurance, Common Elements, Reserve fund, Property Mgmt.) Approx. 7% CAP RATE! **EXTRAS** Glass doors into shared, bright, vestibule entrance. Large display windows. Modern lighting. Laminate Flooring. Upgraded decor. High Ceilings. 2 R/In baths. Common area 3rd bath for Tenant B use. Back doors to common area hall/bathroom.
Property Details
Address
79 King Street A&B
Community
Postal Code
K9A 2M4
Property Type
Commercial Retail, Commercial Retail
Use
Commercial Condo
Zoning
Main Commercial
Total Area
2,263 Sq Ft
Office Area
1,143 Sq Ft
Retail Area
1,120 Sq Ft
Taxes
$8,843 (2024
Basement
[]
Exterior
[]
Heat Type
Electric Forced Air
Water
Municipal
Pool
[]
Garage Type
None
Listing contracted with Century 21 All-Pro Realty (1993) Ltd.
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