6737 Highway 20, Smithville, Ontario, Canada, L0R2A0
5,799,900
for Sale
1,002
About the property:
10-acre property inside the urban boundary, marked as commercial on the city block plan. The site includes a bungalow with 3 bedrooms, 2 bathrooms, a walkout basement, and kitchens on both levels. The home also features hardwood floors, a garage, and a carport.
A 2,500 sq. ft. shop with a furnace provides heated workspace or storage.
A cell tower lease is in place, starting June 1, 2023, for a five-year term with three additional five-year renewal options. Rent begins at $12,000 per year and increases with each extension. The property owner has the option to cancel the lease at each renewal, providing flexibility for future development while maintaining income until that time.
Commercial/Retail
false
- Property Type:
- Commercial/Retail
- Status:
- for Sale
- Land Size:
- 10.134|10-24.99 acres
- Water:
- Other
- Garage/Parking Type:
- Gravel
- Business Type:
- Building and Land
- Annual Property Taxes:
- 6,784.07
- Listing ID:
- 40771073
Rooms
Dimensions
Brokered by:
RE/MAX Twin City Realty Inc.
Source: CREA
Presented By: