Description

A Shopping Mall For Sale, Centennial Square Was Built-In 1967 With 71000 Square Feet, A Three-Story Office Building, And A Plaza. With Over 130 Parking Spaces In Downtown Thunder Bay South, Has Been Fully Leased For Approximately 5 Years. The Only Plaza In Downtown Thunder Bay South, The Tenants A+++ The Building Is In Very Good Condition And Very Well Maintained. We Offer A 6% Cap Rate For This Property.

Extra

Rental Income Is Approximately $ 970,000 Per Year Municipal Taxes Are About $ 114,000 Building Insurance Is About $ 20,000 Utility Costs Are $ 75,000 Per Year.

Key Facts

• Taxes: $113795
• MLS#: X5605244
• Price: $1
• Status: Sale
• Type: Commercial/Retail
• Style: n/a
• Size: 71000.00
• Updated: 2022-05-05 16:54:30.0
• Year Built: 31-50

Property

• Type: Commercial/Retail

Commercial General

• Depth: 526.00
• Lot Front: 231.00
• List Price Code: For Sale
• Lot/Bldg/Unit Code: Lot
• Lot Size Code: Feet
• Air Conditioning: Y
• Elevator: Public
• Energy Certification: N
• Garage: Outside/Surface
• Heating: Gas Forced Air Closd
• Possession Date: Tba
• Parking Places: 130
• UFFI: No
• Seller Property Info Statement: N
• Zoning: C5
• Type: Q.
• Taxes: $113795
• Tax Year: 2021
• Physically Handicapped-Equipped: Y
• Use: Other
• Crane: N
• Financial Statement: Y
• Franchise: N
• Freestanding: Y
• Green Property Information Statement: N
• Hours Open: Varies
• Industrial Area Code: Sq Ft
• Office/Apt Area: 25000
• Office/Apt Area Code: Sq Ft
• Outside Storage: N
• Category: Multi-Use
• Rail: A
• Retail Area: 46000
• Retail Area Code: Sq Ft
• Soil Test: N
• Sprinklers: Y
• Survey: Y
• Total Area: 71000.00
• Total Area Code: Sq Ft
• Type Taxes: Annual
• Utilities: Y
• Water Supply Types: Comm Well
• Area Influences1: Public Transit
• Area Influences2: Rec Centre
• Orig lp cd: For Sale