$899,999

For saleJust listed

334 Boundary Road East, Pembroke - Retail for Sale

334 Boundary Road East, Pembroke, Ontario, K8A6W5

2,153 ft²2,153 sq ft lot sizeListed 2 days ago

Overview

This retail property in Pembroke is for sale offering roughly 2,153 sq ft of space. It has been on the market 2 days, fresher than the Pembroke average of 122 days.

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Description

Commercial retail property located at 334 Boundary Road E in Pembroke, offering an opportunity for investors and business owners. Currently operating as an automotive dealership, the property presents potential for continued automotive use or alternative commercial uses, subject to zoning and applicable approvals. The sale includes the real estate only; the existing business is not included in the purchase price. The seller is open to considering separate offers for the existing automotive dealership business and dealer licenses, including established financing relationships with major prime and non-prime lenders. **The seller has expressed interest in remaining as a tenant following the sale of the property**, providing a potential leaseback opportunity for investors. An opportunity to acquire a commercial property with the possibility of rental income from the existing operator. (id:66096)

Property Details

MLS®: X14140948
Property Type: Retail
Zoning: C-2
Interior Size: 2,153 ft²
Lot Size: 2,153 sq ft
Frontage: 254 ft
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Garage: Other
Property Tax: $8,857/yr
Listed: 2 days ago

Features

Appliances: Water Heater

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Pembroke listings, avg age

122d

Price / ft²

$418

List price

$900K

Homes here sell close to asking price

Homes in this market sold for an average of 97.6 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.

Haho

This retail in Pembroke has been listed for 2 days, which is 120 days fresher than the city average of 122. Act while there is still low competition.

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Listed by EXP REALTY · Tarek El Attar

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K8A)

This home lists at $899,999, about 12.0× the local median household income of $75,000.

Carrying it typically needs a household income of about $175,801 (20% down, 25-yr amortization, stress-tested) — roughly 134% above the area median.

Median household income: $75,000
Population: 26,392
Median age: 45.6
Owner / renter: 70% / 30%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA K8A)

$899,999· $418/ft²

For sale

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Financing

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