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179-191 Queen St

17,754 SF 76% Leased Retail Building Scugog, ON L9L 1B9 $5,575,042 USD ($314 USD/SF) 5.13% Cap Rate

Investment Highlights

  • Picturesque Building
  • Prominent Location in Scugog

Executive Summary

A trophy investment property and downtown Port Perry's most recognized building landmark and retail anchor: Featuring six commercial tenants and 11 apartment suites, this fully-occupied mixed-use investment offers stable income from quality, thriving commercial tenants and significant revenue upside through market turnover of residential units. Formerly known as Settlement House, this landmark building in Port Perrys historic downtown is one of the most historic sites in Port Perrys downtown heritage conservation district, yet now only 15-20 from expanded 407/412 and 45 minutes from DVP/401. Extreme visibility directly across from the Port Perry Post Office and nestled between three major banks, a pharmacy, and public library, this investment represents a remarkable opportunity to acquire a true historic treasure with positive cash flow and upside potential.

Financial Summary (Pro forma - 2024) Click Here to Access

Annual (USD) Annual Per SF (USD)
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro forma - 2024) Click Here to Access

Gross Rental Income (USD)
Annual $99,999
Annual Per SF $9.99
Other Income (USD)
Annual $99,999
Annual Per SF $9.99
Vacancy Loss (USD)
Annual $99,999
Annual Per SF $9.99
Effective Gross Income (USD)
Annual $99,999
Annual Per SF $9.99
Taxes (USD)
Annual $99,999
Annual Per SF $9.99
Operating Expenses (USD)
Annual $99,999
Annual Per SF $9.99
Total Expenses (USD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (USD)
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
17,754 SF
Building Class
B
Year Built
1886
Price
$5,575,042 USD
Price Per SF
$314 USD
Cap Rate
5.13%
NOI
$285,809 USD
Percent Leased
76%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.13
Lot Size
0.36 AC
Zoning
C3 - Commercial
Parking
8 Spaces (0.45 Spaces per 1,000 SF Leased)
Frontage
90 FT on Queen St

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 4,200 SF
  • Retail
  • -
  • Now

Unparalleled location and visibility in one of Port Perry's best known landmark properties located in the town's busiest retail location. Superior retail space measuring appr. 3,100 SF currently occupied by the highly successful Panorama Furniture and Ladieswear store. NOTE: the total area of 183 Queen Street is appr. 4,200 SF and the available area here represents *a portion* of the total. A separate tenant occupies appr. 1,100 SF of the area, and the balance--appr. 3,100 SF-- is available for lease here. Space may continue to be shared, or the space may be demised. See attached floorplan. Formerly known as Settlement House, this "anchor" of downtown Port Perry is easily one of the most visited addresses in the town, and located within a section of Queen Street designated as Port Perry's Heritage Conservation District. Base Rent $30.95 per SF ($7,995./month). Additional rent $7.25 per SF. Additional basement storage area of 1,300 SF (approximately) is available for additional $500/month.

Space Size Space Use Position Available
1st Floor 4,200 SF Retail - Now

1st Floor

Size
4,200 SF
Space Use
Retail
Position
-
Available
Now

1st Floor

Size 4,200 SF
Space Use Retail
Position -
Available Now

Unparalleled location and visibility in one of Port Perry's best known landmark properties located in the town's busiest retail location. Superior retail space measuring appr. 3,100 SF currently occupied by the highly successful Panorama Furniture and Ladieswear store. NOTE: the total area of 183 Queen Street is appr. 4,200 SF and the available area here represents *a portion* of the total. A separate tenant occupies appr. 1,100 SF of the area, and the balance--appr. 3,100 SF-- is available for lease here. Space may continue to be shared, or the space may be demised. See attached floorplan. Formerly known as Settlement House, this "anchor" of downtown Port Perry is easily one of the most visited addresses in the town, and located within a section of Queen Street designated as Port Perry's Heritage Conservation District. Base Rent $30.95 per SF ($7,995./month). Additional rent $7.25 per SF. Additional basement storage area of 1,300 SF (approximately) is available for additional $500/month.

Walk Score ®
Walker's Paradise (90)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

RBC Royal Bank
TD Canada Trust Branch and ATM
CIBC
FOODLAND
Curves
Tim Hortons
Mr. Sub
Independent Grocer
Thai Express
Crabby Joe's
  • Listing ID: 33169990

  • Date on Market: 9/13/2024

  • Last Updated:

  • Address: 179-191 Queen St, Scugog, ON L9L 1B9

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