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$360,000
Faraday
27812 Hwy 28 South, Faraday, Ontario, K0L1C0
This retail property in Faraday is for sale offering roughly 1,365 sq ft of space. It has been on the market 124 days, fresher than the Faraday average of 132 days.
Take advantage of this rare opportunity to own a well-established commercial property in a high-visibility, high-traffic location just outside of Bancroft, Ontario. Situated on 0.8 acres, this 40' x 36' commercial building has been home to a successful butcher shop serving the community since 1996, earning a reputation for quality and loyal customers. Zoned Commercial (C-6), this property offers possibilities for entrepreneurs and investors alike. The building features two separate entrances and a completely open-concept floor plan, making it easy to customize the space for a wide variety of commercial uses.A spacious parking area provides plenty of room for customers and staff, while the property's drilled well and septic system help keep ongoing utility costs lower than many comparable commercial properties.For those looking to continue the butcher shop tradition, butcher equipment is available and negotiable. Whether you're looking to start something new, or invest in a prime commercial location, this property offers outstanding exposure, flexibility, and opportunity in one of the Bancroft area's busiest corridors. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 124 days on market, against an average age of 132 days across the listings currently for sale in this city
Homes here sell below asking price
Homes in this market sold for an average of 93.8 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This retail in Faraday has been listed for 124 days, which is 8 days fresher than the city average of 132. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $360,000, about 4.6× the local median household income of $79,000.
Carrying it typically needs a household income of about $70,321 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
Source: Statistics Canada, 2021 Census (FSA K0L)
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