Description
Prime Commercial Property with Established Automotive Business and Spacious Living Quarters! Welcome to 280 Memorial Ave in Orillia - the perfect investment opportunity you've been waiting for! This automotive shop is situated in a high-visibility location on one of Orillia's busiest streets. The property offers the best of both worlds: a thriving 4-bay automotive shop on the main floor and a sprawling 3,900 square foot apartment upstairs. Operating as Memorial Automotive and in their 17th year of business, the main floor long-term tenant wishes to stay and is willing to negotiate a new 5-8 year lease with the option to renew. Whether you're looking to continue with the existing automotive business, explore other commercial ventures, or convert the space for a different purpose, the possibilities are endless. The apartment on the upper level offers comfortable living accommodations. It can be occupied by the owner or leased separately to generate additional rental income. It offers 4 bedrooms, 2 bathrooms and 2 dedicated parking spaces. The zoning is mixed use (C4i) which can be used for almost any purpose imaginable. Don't miss your chance to own a prime commercial space in a thriving location with a strong rental history.
-
0BEDS
-
< 0.5ACRES
-
0BATHS
-
01/2 BATHS
School Ratings & Info
Description
Prime Commercial Property with Established Automotive Business and Spacious Living Quarters! Welcome to 280 Memorial Ave in Orillia - the perfect investment opportunity you've been waiting for! This automotive shop is situated in a high-visibility location on one of Orillia's busiest streets. The property offers the best of both worlds: a thriving 4-bay automotive shop on the main floor and a sprawling 3,900 square foot apartment upstairs. Operating as Memorial Automotive and in their 17th year of business, the main floor long-term tenant wishes to stay and is willing to negotiate a new 5-8 year lease with the option to renew. Whether you're looking to continue with the existing automotive business, explore other commercial ventures, or convert the space for a different purpose, the possibilities are endless. The apartment on the upper level offers comfortable living accommodations. It can be occupied by the owner or leased separately to generate additional rental income. It offers 4 bedrooms, 2 bathrooms and 2 dedicated parking spaces. The zoning is mixed use (C4i) which can be used for almost any purpose imaginable. Don't miss your chance to own a prime commercial space in a thriving location with a strong rental history.