80 Second Avenue West, Norfolk | Image 1

80 Second Avenue West

Norfolk, Simcoe

  • Commercial

$X,XXX,XXX
For Sale

Added 1 month ago

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  • Type: Industrial

  • Property Type: Commercial

  • Business Type: Warehousing

  • Zoning: MG, HL

  • Age: No Data

  • Taxes: 27370.75

  • MLS®#: X10426534

  • Days on Site: 5 Days

  • Added: Nov 13, 2024 (1 month ago)

  • Updated:

  • Last Checked: 3 hours ago

  • Listed By: Realty Advisors & Co.

Discover an exceptional investment opportunity featuring a single, national, triple net tenant with this expansive warehouse property. With approximately 62,000 square feet of versatile space situated on approximately 3 acres, this property is designated under the Official Plan as Urban Residential, making it an ideal candidate for future development. The tenant currently occupies the entire building and has recently signed a new lease with robust annual escalations and favorable renewal provisions, ensuring a stable income stream. The property offers a remarkable return on investment with a cap rate just under 8% and annual escalation's through 2028. Ideally situated in a prime locale near the intersection of Queensway and Norfolk in downtown Simcoe, this property provides convenient access and ample on-site parking. Dont miss out on this top-notch industrial 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