160-164 MAIN Street East, North Bay (Central), Ontario P1B1A8

Property Description

**PRIME DOWNTOWN INVESTMENT OPPORTUNITY** Looking for a solid investment property with both commercial retail space and residential income? This well-located downtown property offers an excellent combination of income, visibility and convenience. The building features 2 main-floor commercial retail units plus 3 residential apartments, all currently rented, providing immediate income for the new owner. With access from both Main Street East and McIntyre Street East, the property offers excellent flexibility, including a convenient rear entrance that is ideal for unloading supplies to the commercial units as well as separate rear access to the apartments. Additional highlights include: Currently producing over a 7.5% CAP rate 6 parking spaces - a major downtown bonus Recently updated storefront with a clean, modern appearance. All commercial and residential units are rented. Separate hydro meters Building has been municipally retrofitted Excellent Main Street exposure Convenient rear service and tenant access A strong opportunity for an investor looking for a mixed-use income property in a prime downtown location established tenants and multiple revenue streams. Invest in downtown - commercial income downstairs, residential income upstairs. Located close to the downtown waterfront, Kate pace way. (id:5764)