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$ 1,699,000
Est. payment | /mo
33,000 SqFt
$ 1,699,000
Est. payment | /mo
33,000 SqFt
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 33,000 sqft
Price per Sqft $51
Subdivision 980 - Lincoln-Jordan/Vineland
MLS Listing ID X12059545
Annual Tax Amount $21,000
Tax Year 2024
Property Sub-Type Investment
Property Description
High-Yield Commercial Opportunity: Revitalized Plaza, Maximum Flexibility!Unlock Immediate Value & Future Growth: This meticulously renovated, single-story commercial plaza offers 10,580 sq ft of prime retail space on a sprawling 33,000 sq ft lot, just 3km from the QEW. Capitalize on strategic location and RUC-2 zoning, allowing for diverse tenant possibilities: daycare, veterinary, specialty retail, and more.Key Investment Highlights:Complete Revitalization: Benefit from recent upgrades including new framing, drywall, insulation, exterior cladding, and re-graveled floors, minimizing future capital expenditures.Six Individual Gas Meters: Streamline tenant billing and maximize operational efficiency.Subdivision Potential: Divide into up to 6 separate units, creating multiple income streams and increasing tenant flexibility.Strategic QEW Access: Leverage unparalleled visibility and accessibility for a high-traffic location.Versatile Unit Configuration: Two existing units (4,089 & 6,491 sq ft) offer immediate rental potential.RUC-2 Zoning Advantage: Tap into a wide range of permitted uses, attracting diverse and stable tenants.Expansive Land Parcel: 33,000 sq ft lot provides potential for future expansion or development.Investment Analysis:This property presents a unique opportunity to acquire a fully rejuvenated asset with significant income potential. The recent upgrades, coupled with the subdivision capability, offer investors the chance to maximize returns and attract a diverse tenant base. The strategic QEW location ensures consistent traffic, making this a highly desirable commercial destination.
Location
Province ON
County Niagara
Community 980 - Lincoln-Jordan/Vineland
Area Niagara
Interior
Cooling No
Exterior
Utilities Available Yes
Lot Frontage 172.67
Lot Depth 189.15
Others
Security Features Yes
Listed by HOMELIFE/ROMANO REALTY LTD.
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