This 3.17-acre property is prominently located in Simcoe, Norfolk County, offering strong holding income and excellent long-term development potential. The site is currently zoned industrial, but Norfolk County’s Official Plan identifies it as Urban Residential,supporting potential mixed-use or residential redevelopment up to 10 storeys (subject to municipal approvals). Fully leased to a national retailer, the asset offers stable income with future upside through rent escalations or redevelopment. (id:4555)
PROPERTY SPECS
Price $3,999,000
City Simcoe, Ontario
Address 80 SECOND Avenue
Listing ID 40848375
Square Footage 62000
Style Commercial Mix
Parking 50.00
Land Size 3.172
Type Industrial/Commercial
Status For Sale
EXTENDED FEATURES
SubtypeIndustrialCommunity FeaturesIndustrial ParkFeaturesElevator, Crushed stone drivewayOwnershipFreeholdBasementFullSewerMunicipal sewage systemParking50.00