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451 Division Street Image 1

$499,900

5 days agoCommercial Retail For Sale
bedroomsbed
washrooms0bath
MLS - #X12188277

451 Division Street, Kingston, ON K7K 4A8

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Similar Homes Found
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Average Price
49990000.0%
Higher than average

Price Comparison

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Property Description

Property type

Commercial Retail

Lot size

N/A

Style

Approx. Area

N/A

About 451 Division Street

BUILDING FOR SALE ONLY: Stand alone commercial building on a prime corner lot in downtown Kingston. Strong return with existing tenancy and revenue. Net annual rent to Seller/Landlord is: $31 213.13. Tenant has leased and occupied the property since 1984. Seller has owned the property since 1985. Current Lease renewal in place until June 30th, 2029, with 2 further options until 2039. Lease is a Head Corporate, Triple Net lease, with all costs paid for by the tenant. No Environmental Reports on file. Property is being sold as is where is, Buyer to conduct their own due diligence. Offers to be received no later than 12:00 pm on June 17th, 2025. ALL offers MUST have a minimum 48 hour irrevocable, and any completion date must be on or after the 16th of September 2025. Lease documents on file and will only be released upon a fully completed NDA/CA.

Home Overview

Last updated

5 days ago

Virtual tour

None

Basement information

Building size

0.186

Status

In-Active

Property sub type

Commercial Retail

Maintenance fee

$N/A

Year built

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Listed by RE/MAX SERVICE FIRST REALTY INC., BROKERAGE

Additional Details

Basement:N/A
Cooling:Yes
Heating:Gas Forced Air Closed
Parking Features:N/A

MORTGAGE INFO

ESTIMATED PAYMENT

$0 Principal and Interest
$0 Property Taxes

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