451 Division Street
Kingston, K7K 4A8
FOR SALE
$499,900

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Commercial Retail
CATEGORY1,025 Sq Ft
RETAIL AREAX12188277
MLSIDContact Us
Property Description
BUILDING FOR SALE ONLY: Stand alone commercial building on a prime corner lot in downtown Kingston. Strong return with existing tenancy and revenue. Net annual rent to Seller/Landlord is: $31 213.13. Tenant has leased and occupied the property since 1984. Seller has owned the property since 1985. Current Lease renewal in place until June 30th, 2029, with 2 further options until 2039. Lease is a Head Corporate, Triple Net lease, with all costs paid for by the tenant. No Environmental Reports on file. Property is being sold as is where is, Buyer to conduct their own due diligence. ALL offers MUST have a minimum 48 hour irrevocable, and any completion date must be on or after the 16th of September 2025. Lease documents on file and will only be released upon a fully completed NDA/CA.
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Property Details
Address
451 Division Street
Community
City
Postal Code
K7K 4A8
Property Type
Commercial Retail, Commercial Retail
Days On Market
24
Use
Retail
Zoning
UR.5
Lot Size
82' x 101'
Retail Area
1,025 Sq Ft
Acreage
0.2 Feet
Taxes
$14,939 (2024
Heat Type
Gas Forced Air Closed
Water
Municipal
Garage Type
None
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Listing contracted with Re/Max Service First Realty Inc., Brokerage
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