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$ 699,000
Est. payment | /mo
25,000 SqFt
$ 699,000
Est. payment | /mo
25,000 SqFt
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 25,000 sqft
Price per Sqft $27
Subdivision Rural Cramahe
MLS Listing ID X13737922
Annual Tax Amount $4,294
Tax Year 2025
Property Sub-Type Industrial
Property Description
An outstanding investment opportunity with excellent Highway 401 access and visibility in Colborne. This established storage facility features 31 storage units in a range of sizes, including units within the main building and Sea-Can storage units, along with additional commercial and outdoor storage space.With a projected cap rate of approximately 8.5%, the property offers an attractive opportunity for an investor, storage operator, contractor or business owner seeking operational space combined with income potential.The property is zoned General Industrial-1 (MG-1), allowing for a broad range of uses, including warehousing, outside storage, equipment sales, rental and repair, contractor or tradesperson yard and shop facilities, manufacturing, processing, assembly or fabricating, service shops, building supply operations, transportation-related uses and other permitted industrial uses. Buyers are encouraged to complete their own due diligence regarding zoning and their intended use.The current vacancy rate is higher than normal, see attached disclosure. The present vacancy should therefore not be considered representative of the property's historical or stabilized occupancy.With multiple units immediately available, a new owner has the opportunity to actively lease the vacant space, establish their own rental structure and grow revenue. Its accessible location near Highway 401 makes this a versatile income-producing property with excellent potential for both investment and business use.
Location
Province ON
County Northumberland
Area Northumberland
Interior
Cooling No
Exterior
Community Features Major Highway
Utilities Available Yes
Lot Frontage 200.0
Lot Depth 125.0
Others
Security Features No
ParcelsYN No
Listed by ROYAL HERITAGE REALTY LTD.
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