595 1st Street, Hanover | Image 1

595 1st Street

Hanover, Hanover

  • Commercial

$9,990,000
For Sale

Added 5 days ago

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  • Type: Industrial

  • Property Type: Commercial

  • Business Type: Factory/Manufacturing

  • Zoning: M1

  • Age: 0-5 years

  • Taxes: 30335

  • MLS®#: X9512526

  • Days on Site: 2 Days

  • Added: Oct 24, 2024 (5 days ago)

  • Updated:

  • Last Checked: 3 hours ago

  • Listed By: RE/MAX ESCARPMENT REALTY INC.

Welcome to a remarkable commercial building in Hanover, Ontario that features 26 separate rental units, each thoughtfully designed with its own bathroom, a man door, and an overhead door. This versatile space is wide open, making it ideal for a variety of business ventures. The building boasts a robust 3-phase electrical system, ensuring it meets the demands of modern enterprises. Each unit is equipped with its own hydro and gas meters, providing tenants with independent utility management. Ample parking is available for both tenants and customers, along with a conveniently shared loading dock for easy deliveries. Additionally, this property presents exciting expansion potential, with room for an additional commercial building. The current owner is actively working on a condo conversion plan, which would allow for the individual sale of each unit in the future. Don't miss this rare opportunity to invest in a flexible commercial property with significant growth potential.

Property

  • Status: Sale

  • Type: Factory/Manufacturing

  • Property Type: Industrial

  • Property Type: Free Standing

  • Age: 0-5

  • Area: Hanover

  • Community: Hanover

  • Availability Date: Flexible

Inside

  • Air Conditioning: Y

Utilities

  • Utilities: Available

Building

  • Basement: N

  • Heat Type: Gas Forced Air Closd

  • Elevator: None

  • Energy Certificate: N

  • Freestanding: Y

  • Water Supply: Municipal

  • Amps: 200

Parking

  • Garage Type: Plaza

Fees

  • Tax Year: 2024

  • Taxes: $30,335

  • Taxes Type: Annual

Land

  • Cross Street: 14th Avenue /18th Av

  • Municipality District: Hanover

  • Parcel Number: 372110962

  • Sewer: San Avail

  • Lot Depth: 622 Acres

  • Lot Frontage: 399 Acres

  • Zoning: M1

Shipping Doors

  • Clearing Height (ft): 20

Commercial Specific

  • Rail: N

  • Sprinklers: Y

  • Total Area: 48000

  • Total Area Metric: Sq Ft

  • Industrial Area Size: 48000

  • Industrial Area Metric: Sq Ft

  • Lot Code: Building

Map of 595 1st Street, Hanover
7-8

John Diefenbaker Senior School

Elementary: Public
1.48 km
JK-6

Dawnview Public School

Elementary: Public
0.56 km
JK-8

Normanby Community School

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11.76 km
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Holy Family Separate School

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1.07 km
JK-8

Walkerton District Community School

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11.01 km
JK-6

Hanover Heights Community School

Elementary: Public
1.56 km
9-12

Walkerton District Community School

Secondary: Public
11.02 km
9-12

Wellington Heights Secondary School

Secondary: Public
27.97 km
Pre-Grade 9-12

Norwell District Secondary School

Secondary: Public
36.98 km
9-12

Sacred Heart High School

Secondary: Catholic
10.46 km
9-12

John Diefenbaker Senior School

Secondary: Public
1.39 km
9-12

F E Madill Secondary School

Secondary: Public
37.24 km