$350,000
Midland
339 King Street, Midland, Ontario, L4R3M7
This office property in Midland is for sale offering roughly 1,149 sq ft of space. It has been on the market 62 days, fresher than the Midland average of 99 days.
Excellent investment opportunity in the heart of Downtown Midland. Ideally positioned on King Street, this well-maintained 1149 sq.ft. commercial property offers excellent exposure along Midland's main downtown corridor and a versatile space suitable for retail, professional office or service-based uses. The property is currently occupied by an established hearing clinic, providing an attractive opportunity for investors looking for a tenanted commercial asset with minimal maintenance required. The interior underwent extensive renovations in June 2023, with the current tenant further refreshing the space with new paint in 2024. Several important building improvements have also been completed, including a new furnace and water heater in June 2023, replacement of the window on the left side of the building. Property has a full basement, mostly unfinished snd was framed and partially drywalled in 2023, giving lots of extra space for storage. A great opportunity to own a turnkey commercial property in a highly visible Downtown Midland location, surrounded by local businesses, shops, restaurants and services. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 62 days on market, against an average age of 99 days across the listings currently for sale in this city
This office in Midland has been listed for 62 days, which is 37 days fresher than the city average of 99. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $350,000, about 5.0× the local median household income of $70,500.
Carrying it typically needs a household income of about $68,367 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
Source: Statistics Canada, 2021 Census (FSA L4R)
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