1,982 ft²Office / Retail / Other$2,600,000Sale
1,982 ft²
Office / Retail / Other
$2,600,000
Sale
![Mitch Gauzas](https://www.spacelist.ca/assets/thumb/avatar-placeholder.png)
Mitch Gauzas
Your opportunity to acquire a high-traffic retail site with a stand-alone building and mid-rise zoning in place in the heart of Orleans. The lot is 18,212 sf with AM3 zoning permitting up to 30 meters of development to a maximum of nine stories. Additional uses include restaurant, retail, mixed-use, and residential to name a few. The building is 1,982 sf and is rented to an auto glass repair tenant with a lease expiring September 30, 2026. The lease is fully triple net. The building has more than 200 amp 600-volt 3-phase power with a transformer installed. Purchase this property for your personal future use or development project. The property valuation reflects the opportunity for an owner/operator, or developer and is not based on the income approach. The tenant has an option to renew the lease for two terms of five years.
The Space
Asking Price$2,600,000
Available Space1,982 ft²
Floor1
Net Operating Income$53514
Property UseIndustrial / Mixed use / Retail
Taxes$17,163/yr
ZoningAM3
Frontage112'3"
Bay Doors3
Power Amps200 A
Year Built1978
Power Volts600 V
Ceiling Height12'0"
Parking Spaces22
SourceDirect
The Building
Your opportunity to acquire a high-traffic retail site with a stand-alone building and mid-rise zoning in place in the heart of Orleans. The lot is 18,212 sf with AM3 zoning permitting up to 30 meters of development to a maximum of nine stories. Additional uses include restaurant, retail, mixed-use, and residential to name a few. The building is 1,982 sf and is rented to an auto glass repair tenant with a lease expiring September 30, 2026. The lease is fully triple net. The building has more than 200 amp 600-volt 3-phase power with a transformer installed. Purchase this property for your personal future use or development project. The property valuation reflects the opportunity for an owner/operator, or developer and is not based on the income approach. The tenant has an option to renew the lease for two terms of five years.
Property TypeOffice / Retail / Industrial / Other
Floors1
Building Size1,982 ft²
Lot Size18,212 ft²
ZoningAM3
Up to $500K for Ontario businesses
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