Description
Discover the potential of this rare 5.10-acre property, ideally positioned for developers, builders, and investors. Located in the thriving and scenic community of Grimsby, this high-visibility site offers a unique blend of commercial and residential zoning with a wide frontage of 171 feet.The property features two residential apartments and is currently home to a leased income-generating business. Buyers have the option to assume the existing lease for steady rental income or take advantage of the retail space to establish their own business.Currently, the property includes a commercial storefront and two residential units, all of which are leased. This presents an excellent opportunity for investors seeking steady rental income or for buyers interested in establishing their own business on the premises. The buyer also has the option to assume the existing tenancies Strategically located near major amenities including the QEW, GO Station, shopping centres, Costco, and GO carpool facilities, this site offers seamless connectivity to both the Greater Toronto Area and the Niagara Region. Surrounded by a mix of residential, commercial, and retail, the property is ideal for a range of permitted uses including single dwellings, institutional use, home occupations and industries, bed and breakfast, showrooms, Farming , agriculture, offices and sales outlets, conference centres, and religious institutions. Whether you're seeking a strong income property or a strategic location for your business, this opportunity checks every box in a rapidly growing community.
Overview
Property ID:
X12217129
Type:
Commercial Retail
Square:
5 m²
Price:
$1,895,000
PropertyType:
Commercial
TransactionType:
For Sale
BuildingAreaUnits:
Acres
Cooling:
Yes
Heating:
Gas Forced Air Closed
ParkingFeatures:
Outside/Surface
YearBuilt:
Unknown
TaxAnnualAmount:
9800
PossessionDetails:
Immediate
Map
-
AddressGrimsby
Contact Agency
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