250 Pinebush Road,Cambridge, ON N1T1Z6
Cambridge, ON N1T1Z6
Description
This is an incredibly rare opportunity to own a property fronting on Hwy 401, one of the busiest highways in North America. With annual daily traffic counts of 118,100 in 2019, this property offers unparalleled visibility, effectively serving as your own billboard with thousands of vehicles passing by each day. Additionally, the property has excellent exposure on Pinebush Road, which provides access to both the eastbound & westbound ramps of Hwy 401. Located in the Lovell Industrial Park, this 13,055 SF building comprises 11,780 SF of industrial space and 1,275 SF of office space, along with additional mezzanine storage and 14 ft ceilings. The property spans 2.1 acres, including approximately 1 acre of extra land, and is zoned M1, permitting a wide range of uses. The Seller is prepared to offer a vendor take-back mortgage and the current operating business is relocating. The building features ample power, 2 large drive-in doors and can be divided into 2 units, allowing the buyer to occupy one part while leasing out the other. This is also a fantastic chance for developers looking to construct a new multi-tenant industrial building. The Seller has also been approached about signing a leasing contract with a billboard advertising company providing rental income for years to come. (id:13843)
Details
| MLS# | 40624092 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 279 |
| Listing Provided By | COLDWELL BANKER PETER BENNINGER REALTY | CHAD RITZER |
Features
| SQ Feet | 13,055 |
|---|---|
| Story(s) | 1 |
| Zoning | M-1 |
| Acreage | 2.16 |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Cambridge |
| Postal Code | N1T1Z6 |
| Community Name | 40 Centennial |
| Listing VS Median (in 40 Centennial) | |
Price: $6,495,000 low | high Med: $799,900 SqFt: 13,055 low | high Med: 1,941 $ / SqFt: $498 low | high Med: $412 On site: 279 low | high Med: 19.000000 | |
