1650 Main Street West, North Bay (West End) - Business for Sale
1650 Main Street West, North Bay (West End), Ontario, P1B8G5
This business in North Bay is for sale offering roughly 13,200 sq ft of space. It has been on the market 36 days, fresher than the North Bay average of 43 days.
Description
Welcome to 1650 Main Street West, A rare offering in a prominent North Bay location with Its MC Sp. 58 zoning permits a broad range of potential commercial uses. This high-exposure, freestanding retail property prominently positioned at the busy intersection of Main Street West and Gormanville Road, directly across from Lake Nipissing. Situated on just over one acre, the property offers approximately 132,00 sq.ft of versatile building space and 36 ground parking spaces, providing excellent visibility, accessibility and operational flexibility. The Vendor has invested $$$$$$$ in professional renovations and extensive upgrades completed to a high commercial standard. The property currently operates as an Asian grocery and specialty-products store and includes a dedicated meat-processing facility on the lower level. The existing configuration is well suited to food retail, distribution, processing and other related commercial operations. The building features substantial open retail space, storage areas, washrooms and service areas. Its MC Sp. 58 zoning permits a broad range of potential commercial uses, offering flexibility for an owner-operator, investor or business seeking a strategically located property with modern improvements, ample parking and strong street exposure. Buyers are advised to independently confirm their intended use with the appropriate municipal authorities. The sale may include both the real estate and the existing business, presenting an exceptional opportunity to acquire an established operation together with a highly visible commercial property. (id:66096)
Property Details
- MLS®
- X13845222
- Property Type
- Business
- Zoning
- MC Sp.58
- Interior Size
- 13,200 ft²
- Lot Size
- 13,200 sq ft (0.30 ac)
- Frontage
- 211 ft
- Building Area
- 13,200 ft²
- Heating
- Hot water radiator heat, Natural gas
- Cooling
- Fully air conditioned
- Property Tax
- $42,284/yr
- Listed
- 36 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Extended: 36 days on market, against an average age of 43 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 27 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell close to asking price
Homes in this market sold for an average of 98.6 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.
This business in North Bay (West End) has been listed for 36 days, which is 7 days fresher than the city average of 43. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (P1B)
This home lists at $5,800,000, about 87.9× the local median household income of $66,000.
Carrying it typically needs a household income of about $1,132,943 (20% down, 25-yr amortization, stress-tested) — roughly 1617% above the area median.
- Median household income
- $66,000
- Population
- 33,113
- Median age
- 44.4
- Owner / renter
- 57% / 43%
- Avg. household size
- 2.1
Source: Statistics Canada, 2021 Census (FSA P1B)
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$5,800,000
North Bay