250 Pinebush Road Cambridge, Ontario N1T 1Z6
$6,495,000
This is an incredibly rare opportunity to own a property fronting on Hwy 401, one of the busiest highways in North America. With annual daily traffic counts of 118,100 in 2019, this property offers unparalleled visibility, effectively serving as your own billboard with thousands of vehicles passing by each day. Additionally, the property has excellent exposure on Pinebush Road, which provides access to both the eastbound & westbound ramps of Hwy 401. Located in the Lovell Industrial Park, this 13,055 SF building comprises 11,780 SF of industrial space and 1,275 SF of office space, along with additional mezzanine storage and 14 ft ceilings. The property spans 2.1 acres, including approximately 1 acre of extra land, and is zoned M1, permitting a wide range of uses. The Seller is prepared to offer a vendor take-back mortgage and the current operating business is relocating. The building features ample power, 2 large drive-in doors and can be divided into 2 units, allowing the buyer to occupy one part while leasing out the other. This is also a fantastic chance for developers looking to construct a new multi-tenant industrial building. The Seller has also been approached about signing a leasing contract with a billboard advertising company providing rental income for years to come. (id:61015)
Property Details
| MLS® Number | 40624092 |
| Property Type | Industrial |
| Amenities Near By | Public Transit |
| Communication Type | High Speed Internet |
| Community Features | High Traffic Area, Industrial Park |
| Features | Visual Exposure, Paved Driveway |
| Sign Type | Pylon |
Building
| Basement Type | None |
| Construction Material | Concrete Block, Concrete Walls |
| Exterior Finish | Concrete, Steel |
| Fire Protection | Alarm System, Security System |
| Foundation Type | Poured Concrete |
| Stories Total | 1 |
| Size Exterior | 13055.0000 |
| Size Interior | 13,055 Ft2 |
| Utility Water | Municipal Water |
Land
| Access Type | Highway Access |
| Acreage | Yes |
| Land Amenities | Public Transit |
| Sewer | Municipal Sewage System |
| Size Depth | 733 Ft |
| Size Frontage | 129 Ft |
| Size Irregular | 2.16 |
| Size Total | 2.16 Ac|2 - 4.99 Acres |
| Size Total Text | 2.16 Ac|2 - 4.99 Acres |
| Zoning Description | M-1 |
Utilities
| Electricity | Available |
| Natural Gas | Available |
| Telephone | Available |
https://www.realtor.ca/real-estate/27211077/250-pinebush-road-cambridge
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December 02 2024 09:04:26
Waterloo Region Association of REALTORS®
Coldwell Banker Peter Benninger Realty