1802, Avenue, Bedford Park-Nortown, Toronto, Commercial
- 2805 SQFT
Description
Commercial Commercial Retail For Sale.
FOR SALE & LEASE BACK - INVESTOR OPPORTUNITY Step into a space designed for excellence. 1802 Avenue Road is a detached professional building with a usable area of 2,805 SF approximately, over three-levels.TURNKEY MEDICAL INFRASTRUCTURE This property is not another shell unit. The property underwent a comprehensive, custom-designed, high-spec renovation, transforming it into a flagship surgical and wellness center. Designed by a medical practitioner and now home to a plastic surgery clinic, cosmetic laser clinic and registered massage therapist.THE PARKING PREMIUM In the Bedford Park pocket, most Avenue Road storefronts have 0-1 spots. 1802 Avenue Road offers six dedicated spaces. This attribute greatly enhances property value and directly increases patient volume and practitioner retention. INVESTMENT PROFILE This turnkey investment structure commands a premium compared to general retail or office shell space.1802 Avenue Road is considered a high-performing medical asset. On closing the seller will enter a triple net head lease on 100% of the building with a minimum 5-year term, providing a 5% yield on Purchase Price.For the investor buyer, the CR3 zoning (2.8x density) may provide a built-in exit strategy. The 165 ft. deep lot provides for a future 3 or 4 storey mixed-use mid-rise, subject to municipal approval.
Cross Street: Deloraine Avenue
Key Facts
- Days on: 8 days
- Mls Status: Sold Conditional
- Lot Type: Lot
- Lot Width: 16.01
- Parking Spaces: 6
- Garage Type: None
- Heat Type: Gas Forced Air Open
- Cooling: Yes
- Building Area Total: 2805 Square Feet
- Retail Area: 2805 Sq Ft
- Lot Size Area: 2637 SquareFeet
Location 1802, Avenue, Bedford Park-Nortown, Toronto
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