80 Second Av W - Distribution FOR SALE


Simcoe, ON N3Y 2P3
$4,490,000 CAD
905-320-1505
80 Second Av W, Simcoe, ON for Sale
$4,490,000 CAD
Distribution - FOR SALE
1/5
null | 7.5% Cap Rate

80 Second Av W
Simcoe, ON N3Y 2P3


HIGHLIGHTS

  • Elevator included.
  • Crushed stone driveway.
  • Redevelopment potential.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,490,000 CAD

PRICE/SF

$70 CAD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

UTILITIES

-

CLEAR CEILING HT

23.25 Ft

DOCKS

7

DRIVE INS

-

PARKING SPACES

38

LAND DETAILS

LAND ACRES

3.03

LAND SF

131,987

ZONING

MG,HL

APN/PARCEL ID

331040100107100

ASK ABOUT THIS PROPERTY

Marc GillespieKeller Williams Complete RealtyMore Info
905-320-1505

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Marc GillespieKeller Williams Complete RealtyMore Info
905-320-1505

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.