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115 Grenville Way, Merrickville, ON

Name: 115 Grenville Way, For Sale in Merrickville - eXp Realty
Brand: RE/MAX HALLMARK REALTY GROUP
SKU: X13458216
Price: 2199998 CAD

House

For Sale

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000

MLS® X13458216

Key Facts
Description
Map

Key Facts

Type

Levels Commercial Sale

Size 51677 sqft

Garage

Taxes $12,389

Days Active 5

Lot Size 51677 Acres

Approx. Age

Avg. Price Per Sqft $42

MLS® Number X13458216

Property Address: 115 Grenville Way, Merrickville, ON, K0G1N0

Average square foot calculated using Size range provided by listing agent.

Description

115 Grenville Way presents a rare opportunity to acquire a purpose-built commercial investment property offering dependable cash flow, strong tenant stability, and immediate upside through future expansion.The property consists of approximately 12, 000 square feet of custom-built commercial space situated on a generously sized lot with ample parking and excellent accessibility. The building is comprised of a 9, 000-square-foot warehouse and a 3, 000-square-foot fitness facility, creating a diversified income stream supported by established long-term tenants.The warehouse component is fully leased to a long-term tenant, providing reliable occupancy and stable rental income. Complementing the industrial space is the town's only fitness center, a well-established and highly active business that has become an essential service within the Merrickville community. The gym enjoys strong membership levels, consistent traffic, and limited competition, positioning it for continued success. Current rental revenue totals approximately $8, 500 per month, providing immediate income from closing. Investors will appreciate the property's built-in value-add component, as the owner is willing to construct additional square footage for the fitness facility. The tenant has indicated a willingness to lease the expanded space and pay additional rent, creating a clear pathway to increased revenue and enhanced property value. Investment Highlights 9, 000 sq. ft. warehouse leased to a long-term tenant 3, 000 sq. ft. fitness facility occupied by Merrickvilles only gym Current rental income of approximately $102, 000 annually Opportunity to increase revenue through planned gym expansion Strong tenant retention and established occupancy history Custom-built facility with modern functionality and durable construction Ample parking and efficient site layout Excellent access from a major roadway. Tenants pay all expenses except Building Insurance. (id:58753)Show Description

MLS® NumberX13458216

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age

Basement

Driveway

Garage Spaces

Heat

A/CFully air conditioned

Extras

Price History

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$XXX,XXXSold Price

Top Secret

00/00/0000List Date

$XXX,XXXList Price

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