Commercial and industrial land for sale in Rivière des Prairie. You're tired of the low yields of residential real estate, so do not miss this incredible business opportunity. GRM of 7,7 and Cap Rate of 7,2%. It's simple it's the most more profitable real estate investment in Montreal!. Virtual tour: https://www.youtube.com/watch?v=M3SzvEqknkA
26'1" X 33'4"
This land of more than 115,000 square feet is currently used as parking for individuals and businesses. Located in the heart of industrial park of Rivière des Praires, the vacancy rate is very low.
This outdoor parking is fully fenced and monitored by a 24-hour surveillance system. Parking is available at all hours of the day and night through electronic doors through personal access cards.
There are as far as many cars, boats, vans, trailers, trucks, RVs, containers and semi-trailers. Electrical outlets are available on site and can be activated as needed. Leases are flexible monthly and prices are negotiable if there is more than one vehicle.
Zoning is commercial and industrial, it is possible to build on 50% of the area on 3 floors.
Economic Data :
Gross Income: $226,362
Ratio of Gross Income: 7,7
Vacancy Rate and Bad Debt: $28,584
Effective Gross Income: $197,778
Net Income: $126,533
Cap Rate : 7,2%
The land is zoned commercial and industrial. There is on the land a triplex in acquired right included in the sale.
Cadaster's numbers : Numéro de Cadastre : 4620076, 1509858, 1509857, 1509882, 1509883, 1509884, 4567370, 1509616, 1509617, 1509619, 1509620, 1509621, 1509657, 1509658, 1509659 et 1509661
It is the responsibility of the buyer to check with the competent authorities if the intended destination of the land is in accordance with the laws and regulations currently in force
Non-construction easement in favor of "Hydro-Québec", against the whole lot 4620076. It is currently the only lot declared as a parking lot in the city.
An easement of passage for overhead wires serving the property erected on lot 1509856, against lot 1509857.
An easement of sight in favor of lot 1509857, against lot 1509856,
An easement of sight in favor of lots 1509858, 1509882 and 1509883, against lot 1509857
An easement of sight in favor of lot 1509857, against lots 1509858, 1509882 and 1509883.
26'1" X 33'4"
334' X 424'10" Irregular
parking , Fenced
Commercial , Industrial
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