80 Second Avenue W, Norfolk Simcoe
- Living area: 62000 square feet
- Type: Commercial
Source: Public Records
Note: This property is not currently for sale or for rent on Ovlix.
We have found 1 Commercial that closely match the specifications of the property located at 80 Second Avenue W with distances ranging from 2 to 0 kilometers away. The prices for these similar properties vary between 3,850,000 and 3,850,000.
Nearby Listings Stat
Active listings
12
Min Price
$299,900
Max Price
$800,000
Avg Price
$605,025
Days on Market
52 days
Sold listings
1
Min Sold Price
$649,900
Max Sold Price
$649,900
Avg Sold Price
$649,900
Days until Sold
84 days
Property Details
- Structure Type: Warehouse
- Building Area Total: 62000
Interior Features
- Living Area: 62000
Exterior & Lot Features
- Water Source: Municipal water
- Lot Size Dimensions: Bldg=570 x 311 FT
Location & Community
- Directions: SECOND/NORFOLK
- Street Dir Suffix: West
Business & Leasing Information
- Business Type: Industrial
Tax & Legal Information
- Tax Annual Amount: 27370.75
- Zoning Description: MG, HL
Discover an exceptional investment opportunity featuring a single, national, triple net tenant with this expansive warehouse property. With approximately 62,000 square feet of versatile space situated on approximately 3 acres, this property is designated under the Official Plan as Urban Residential, making it an ideal candidate for future development. The tenant currently occupies the entire building and has recently signed a new lease with robust annual escalations and favorable renewal provisions, ensuring a stable income stream. The property offers a remarkable return on investment with a cap rate just under 8% and annual escalation's through 2028. Ideally situated in a prime locale near the intersection of Queensway and Norfolk in downtown Simcoe, this property provides convenient access and ample on-site parking. Dont miss out on this top-notch industrial opportunity. (id:1945)
