257 Pinnacle St - Office FOR SALE


Belleville, ON K8N 3B2
$2,375,000 CAD
343-600-2514
257 Pinnacle St, Belleville, ON for Sale
$2,375,000 CAD
Office - FOR SALE
1/14
null | 6.25% Cap Rate

257 Pinnacle St
Belleville, ON K8N 3B2


HIGHLIGHTS

  • fully tenanted
  • location
  • potential expansion

OVERVIEW

An incredible opportunity to own a standalone 12,000 sq ft commercial services building in the heart of downtown Belleville! This fully tenanted property generates over $170,000 in gross income annually and comes with private parking for 12 cars. Recently undergoing extensive renovations, everything is up to date and move-in ready, making this a true set-and-collect investment with immediate returns. But that’s not all—the existing structure is built to support additional development! A topographic, environmental, and structural study has already been completed, proving that a full additional story can be added immediately. With further potential to expand up to four additional stories, this property offers incredible upside for investors looking to maximize their returns. With an asking price below $200 per square foot, this is a rare chance to secure a high-income asset in a prime location. Turnkey, fully tenanted, and future-proofed for expansion—this is an investment you don’t want to miss out on.

FOR SALE DETAILS

PRICE

$2,375,000 CAD

PRICE/SF

$198 CAD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1963

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,812 SF

ZONING

C2

APN/PARCEL ID

120802004508400

ASK ABOUT THIS PROPERTY

Basel MhithawiHome Life Landmark RealtyMore Info
343-600-2514

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Basel MhithawiHome Life Landmark RealtyMore Info
343-600-2514

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.