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$ 1,300,000
Est. payment /mo
Active
59 MAIN STREET Penetanguishene, ON L9M1S8
16,165 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Approx. Sqft 16165
Square Footage 16,165 sqft
Price per Sqft $80
Subdivision Penetanguishene
MLS® Listing ID S13727236
Property Description
Exceptional opportunity for developers and investors to acquire a substantially advanced mixed-use development site at 59 Main Street, prominently positioned on the corner of Main St & Simcoe St in Penetanguishene. This approximately 8,100 sq. ft. hilltop property offers Georgian Bay sightlines, excellent exposure and General Commercial (CG) zoning, creating the foundation for an attractive residential and commercial infill project. More than simply a parcel of land, the offering includes the real estate, upgraded site infrastructure and a comprehensive architectural and engineering IP package, including professional renderings, floor plans, massing studies and elevation plans. Significant infrastructure work has already been completed, with municipal water, sewer and electrical services upgraded and capped at the property line, potentially representing $25,000-$40,000+ in avoided hookup costs. The site is vacant and positioned for execution within municipal parameters, allowing a purchaser to build upon considerable upfront planning and design work rather than starting from scratch. For a developer looking to reduce pre-construction uncertainty, shorten the development timeline and control upfront costs, 59 Main Street represents a rare opportunity to acquire a strategically located infill site with much of the groundwork already completed. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating No heat
Cooling None
Exterior
Parking Features No
View Y/N No
Attached Garage No
Garage No
Private Pool No
Others
Virtual Tour https://www.youtube.com/shorts/nUl-npvBzAQ
Listed by RE/MAX CROSSTOWN REALTY INC.
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