550 Highway 7 St E

UNAVAILABLE
550 Highway 7 St E, Richmond Hill
Commercial Condo
CATEGORY
2,345 Sq Ft
TOTAL AREA
N5074782
MLSID
Contact Us
Property Description
One Of The Best Spots On The Second Floor With Exposure To The Intersection Of Highway 7 & Leslie With Approximately 80,000 Cars Per Day. Accessibility To The Unit With Escalator And Elevator. Purchase As An Investment. Leased To April 30, 2026, For $21 Per Sf And Increasing To $22 Per Sf Net In 2022 And $23 Per Sf Net In 2025, Triple Net Lease At (5.5% Cap Rate And Increasing To 6% ). High Demand Times Square Complex.
Extras
Incredible Build-Out Completed With Exposed Ceiling And Decor. Currently Designed As A Salon & Spa Studio With 20 Styling Chairs And 5 Washing Stations. In-Suite Washroom And The Possibility To Add Services.
Property Details
Category
Commercial Condo
Zoning
Commercial
Total Area
2,345 Sq Ft
Retail Area
2,345 Sq Ft
Taxes
$14,957 (2020)
Parking Spaces
2
Air Conditioning
Yes
Listing contracted with Royal Lepage Your Community Realty, Brokerage
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