$14,000/mo
For rent: Other

Prime downtown North Bay commercial leasing opportunity beside the Capitol Centre in one of the city's most prominent redevelopment and hospitality opportunities. This purpose-built building has been designed and permitted specifically for restaurant use and is available as an openvanilla shell ready for customization. Ideal for a restaurant, lounge, hospitality concept, or other approved commercial use, this is a rare opportunity to create a flagship operation from the ground up in a premium Main Street location. Offering approximately 3,600-3,800 Sq Ft above grade plus an additional 2,000-2,200 Sq Ft basement area for support, storage, production, or back-of-house use, the property provides exceptional flexibility. Major structural planning andopening work has already been completed with permits approved for restaurant and hotel accommodation use, while plans can be revised to suit a tenant's specific operational needs and vision. Lease rate of $14,000 Net Rent plus TMI estimated at approximately $6.50 per Sq Ft for the entire building with preferred lease terms of 5-10 years and longer commitments considered for build-to-suit opportunities. Includes 3 dedicated parking spaces, an exceptionally rare downtown feature, with flexibility for phased fit-ups, vanilla shell delivery, or customized build-outs for qualified long-term tenants. There are also permits in place for a patio deck.All construction is subject to permit revisions, municipal approvals, building code, and firecode.
Sold data
Homes in North Bay (Central) took a median of 15 days to sell over the last 90 days, with the quickest quarter selling within 9 days and the slowest quarter taking more than 28, across 222 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 19 days.
The median sale price was $429,450.
Homes sold for about 1.4% below asking on average, so there was room to negotiate.
About 35% of sales closed above the list price.
Around 17% of sellers reduced their price before finding a buyer.
Based on 222 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.
Schools
North Bay (Central) has 20 Fraser Institute–rated schools (15 elementary and 5 secondary), averaging 4.4/10.
School ratings from the Fraser Institute's Ontario school report cards.
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