Level up your portfolio with this rare retail unit at the iconic Commerce Gate Plaza! Benefit from steady rental income from a long-term tenant operating a thriving bubble tea business. The unit faces the parking lot, offering plenty of foot traffic, and includes a washroom facility. With high-density residential and business surroundings, plus easy access to Highways 404 and 407, Commerce Gate is a popular destination for foodies! AAA Tenant Pays Rent + TMI + All Utilities. Minimal Management Required. Lease Terms to Be Negotiated Upon Conditional Offer, Tenant to pay $80 per sq ft.
Address
86 - 505 Highway 7 E
List Price
$658,868
Property Type
Commercial
Type of Dwelling
Commercial Retail
Area
Markham
Sub-Area
Commerce Valley
County
York
Lot Type
Unit
Lot Size Units
Feet
MLS® Number
N12043953
Listing Brokerage
CENTURY 21 ATRIA REALTY INC.
Postal Code
L3T 7T1
Tax Amount
$2,350.00
Tax Year
2024
Heat Type
Gas Forced Air Open
Cooling Features
Yes
Garage Type
Plaza
Security Features
Partial
Sewer
Sanitary+Storm