REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 3,900,000
Est. payment | /mo
5 SqFt
$ 3,900,000
Est. payment | /mo
5 SqFt
Key Details
Property Type Commercial
Sub Type Land
Listing Status Active
Purchase Type For Sale
Square Footage 5 sqft
Price per Sqft $780,000
MLS Listing ID X9253970
Annual Tax Amount $18,635
Tax Year 2024
Property Description
5.486 acres of commercial development land for sale (and/or for lease) directly across from Walmart Supercentre (fully leased) with municipal site plan approval obtained & many (8+) AAA retail brands in place who have agreed to lease terms & are ready to sign formal leases directly with new owner for store openings in 2025 as part of this brand new 45,000 SF retail plaza including 4 coveted drive-thru buildings. Severance has been approved to separate this 5.486 acre parcel fronting Hwy 2 from the remaining southern 4.102 acre portion as per attached severance sketch, which can be completed within approximately 2 weeks. A confidentiality agreement must be signed before the tenants/financial terms of leases can be shared, followed by a data room with all due diligence items including enviro/geotechnical reports etc. The Seller would also consider a joint venture to work with another developer to construct this centre. Serious inquiries only - no sale assignments please. Vendor take back mortgages are available & subject to negotiation. Closing of Sale must occur by November 2024, so any conditional periods for due diligence must be completed within that timeframe.
Location
Province ON
County Hastings
Area Hastings
Zoning C-7
Rooms
Kitchen 0
Interior
Cooling No
Exterior
Utilities Available Available
Building
New Construction false
Others
Security Features No
Listed by MARINO LOCATIONS LIMITED
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