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Listed by Rod Frank • RE/MAX Escarpment Frank Realty
$1,450,000
Est. payment /mo
10,920 SqFt
UPDATED:
11/30/2024 06:32 AM
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 10,920 sqft
Price per Sqft $132
MLS Listing ID XH4201103
Abv Grd Liv Area 10,920
Originating Board Hamilton - Burlington
Annual Tax Amount $10,593
Property Description
This prime commercial property spans an impressive 5 acres and features two expansive warehouses, totaling over 10,000 square feet of versatile space. The first warehouse, over 7,000 square feet, includes well-designed office space. The lease just ended and is currently vacant, offering an excellent opportunity for new tenants or direct business use. The second warehouse, measuring 3,400 square feet, is fully leased, providing immediate and stable rental income. Its highway commercial zoning allows for a variety of business applications, making it an ideal investment for diverse commercial endeavors. Moreover, this property holds significant potential for future development. A site plan for a gas station and truck stop is currently in progress, and can be completed if the buyer is interested, adding tremendous value and possibilities. The strategic location of the property, right on Highway 402, ensures high visibility and accessibility, just 25 minutes from the US border at Sarnia. This proximity to a major international crossing amplifies the property's appeal for retail, logistics, warehousing, motel/hotel and truck stop/Gas station. Whether you are looking to expand your investment portfolio or seeking a strategic location for your business operations, this property offers substantial potential. Its current income-generating capability, combined with the opportunity for future development, makes it a standout choice for discerning investors and developers.
Location
Province ON
County Lambton
Area Lambton Shores
Direction OFF NAUVOO RD EXIT 402
Interior
Heating Gas Forced Air Open
Fireplace No
Exterior
Parking Features Attached Garage, Outside/Surface, Plaza
Utilities Available Available
Lot Frontage 600.0
Lot Depth 350.0
Garage No
Building
Lot Description Rural
Faces OFF NAUVOO RD EXIT 402
Sewer Septic Tank
Water Municipal
New Construction No
Others
Senior Community No
Tax ID 430630097
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