80 Second Avenue West, Norfolk | Image 1

80 Second Avenue West

Norfolk, Simcoe

  • Commercial

$X,XXX,XXX
For Sale

Added 1 week ago

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  • Type: Industrial

  • Property Type: Commercial

  • Business Type: Warehousing

  • Zoning: MG, HL

  • Age: No Data

  • Taxes: 27370.75

  • MLS®#: X11913701

  • Added: Jan 08, 2025 (1 week ago)

  • Updated:

  • Last Checked: 2 hours ago

  • Listed By: Realty Advisors & Co.

Explore an outstanding investment opportunity with this expansive warehouse property, featuring a single national triple net tenant. Spanning approximately 62,000 square feet on around 3 acres, this versatile space is designated as Urban Residential in the Official Plan, positioning it as an excellent prospect for future development. The tenant currently occupies the entire building and has recently signed a new lease that includes strong annual escalations and favorable renewal terms, ensuring a reliable income stream. With a cap rate of just under 8% and annual escalations extending through 2028, this property promises an impressive return on investment. Conveniently located near the intersection of Queensway and Norfolk in downtown Simcoe, it offers easy access and ample on-site parking. Seize this exceptional industrial investment opportunity!

Property

  • Status: Sale

  • Type: Warehousing

  • Property Type: Industrial

  • Property Type: Free Standing

  • Area: Norfolk

  • Community: Simcoe

  • Availability Date: Immediate

Inside

  • Air Conditioning: N

Utilities

  • Utilities: Yes

Building

  • Basement: Y

  • Heat Type: None

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: None

Fees

  • Tax Year: 2024

  • Tax Legal Description: LT 2-6 BLK 7 PL 182; PT LT 1 BLK 7 PL 182; PT BLK 8 PL 182; PT U

  • Taxes: $27,371

  • Taxes Type: Annual

Land

  • Cross Street: SECOND/NORFOLK

  • Municipality District: Norfolk

  • Parcel Number: 501890045

  • Lot Depth: 311 Feet

  • Lot Frontage: 570 Feet

  • Zoning: MG, HL

Shipping Doors

  • Clearing Height (ft): 18

Commercial Specific

  • Shipping Doors Drive In Level: 2

  • Shipping Doors Grade Level: 2

  • Shipping Doors Truck Level: 3

  • Rail: N

  • Sprinklers: Y

  • Total Area: 62000

  • Total Area Metric: Sq Ft

  • Industrial Area Size: 62000

  • Industrial Area Metric: Sq Ft

  • Lot Code: Building

Map of 80 Second Avenue West, Norfolk
JK-8

ÉÉC Sainte-Marie-Simcoe

Elementary: Catholic
1.04 km
JK-8

Bloomsburg Public School

Elementary: Public
4.18 km
JK-8

Elgin Avenue Public School

Elementary: Public
1.38 km
JK-8

West Lynn Public School

Elementary: Public
3.23 km
JK-8

Lynndale Heights Public School

Elementary: Public
2.19 km
JK-8

St. Joseph's School

Elementary: Catholic
2.21 km
9-12

Waterford District High School

Secondary: Public
8.98 km
9-12

Delhi District Secondary School

Secondary: Public
14.85 km
9-12

Valley Heights Secondary School

Secondary: Public
25.46 km
9-12

Simcoe Composite School

Secondary: Public
0.97 km
9-12

Holy Trinity Catholic High School

Secondary: Catholic
2.75 km
9-12

Assumption College School School

Secondary: Catholic
30.31 km
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 29 Park Road, Norfolk | MLS: X11931419
For Sale
3 days ago
$X,XXX,XXX
  • — bath
  • — bed

29 Park Road, Norfolk, Ontario • N3Y 4J9 • Simcoe