176-178 Railway Street Image 1

$2,799,000

Nov 29, 2024Industrial For Sale
bedroomsbed
washrooms0bath
MLS - #X11581339

176-178 Railway Street, Kingston, ON K7K 2L9

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Property Description

Property type

Industrial

Lot size

N/A

Style

Approx. Area

N/A

About 176-178 Railway Street

Multi-unit industrial and office property. Investment or owner-occupier opportunity. 25,393 SF Gross Leasable Area on a 1.25 acre site. $110 per sq ft. All buildings were fully renovated within the last 10 years. The property is currently fully leased with annual triple net income of $157,710. Rear yard, ample parking.176 Railway St. (Front Building):Unit 1: Leased until December 1, 2025. Tenant will be vacating in 2025. 10,235 SF over two levels. 3,400 SF offices, 6,835 SF R&D/Warehouse. Three grade-level loading doors (two drive-in 10x10 ft, & 14x10 ft, double man door 7.5x7.5ft). Climate controlled. Unit 2: Leased until October 31,2025. 5,158 SF warehouse/workshop. Two dock-level loading doors (8x8 ft & 8x10 ft). 178 Railway St. (Rear Building): Leased until November 30, 2025. Tenant has vacated. Available for sub-lease or owner-occupation. 10,000 SF warehouse. 16+ ft clear height. Drive-in door (14x15 ft), Two dock-level loading doors (8x8 ft & 8x10 ft). (39278240)

Home Overview

Last updated

Dec 5, 2024

Virtual tour

None

Basement information

Building size

1.252

Status

In-Active

Property sub type

Industrial

Maintenance fee

$N/A

Year built

2024

Listed by ROGERS & TRAINOR COMMERCIAL REALTY INC.

Additional Details

Basement:N/A
Cooling:Partial
Heating:Gas Forced Air Open
Parking Features:N/A

MORTGAGE INFO

ESTIMATED PAYMENT

Principal and InterestProperty Taxes$10690.28/ month
$2,239,200 Principal and Interest
$2,687,040 Property Taxes

Location

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