950-956 & 948 2ND AVENUE E

Prime Mixed-Use Investment Opportunity in Owen Sound's Historic River District! Welcome to an exceptional mixed-use investment opportunity in the heart of Owen Sound's Historic River District. This unique property offers a strong combination of commercial and residential income, featuring three road-front retail spaces and eight residential units.The main level includes three highly visible road-front retail spaces, providing excellent exposure and accessibility. One retail unit is currently occupied by a thriving fine dining establishment, while the second is home to a dry grocery and food store, providing established commercial uses and potential for stable rental income. The third retail space offers an excellent opportunity for an additional tenant or owner-user. Above the commercial spaces are eight residential units, creating a diversified income-producing property with both commercial and residential components. This combination provides investors with multiple revenue streams and the potential to benefit from the continued growth and revitalization of Owen Sound's downtown core. Located in the vibrant Historic River District, the property is within close proximity to shops, restaurants, waterfront attractions, parks, services, and other downtown amenities. Excellent visibility, road frontage, established commercial tenants, and multiple residential units make this an attractive opportunity for investors seeking a well-positioned mixed-use property with significant income potential. Three road-front retail spaces + eight residential units = a rare and versatile income-producing opportunity in downtown Owen Sound. (id:67197)

Price

$2,100,000

Property Type

Retail

Transaction Type

For sale

MLS® Number

X13763528

Interior Size

12669 sqft

Cooling

Partially air conditioned

Fireplace

No

Heating

Forced air, Baseboard heaters

Interior Size

12669 sqft

Water

Municipal water

Size Frontage

63 ft ,6 in

Size Depth

118 ft ,9 in

Acreage

No

Sewer

Sanitary sewer

Amenities Nearby

Public Transit

• Public Transit
• Water Heater