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Doug Folsetter

doug@folsetter.com +1(905) 515-5494

$575,000

Est. payment - /mo

2,644 SqFt

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Key Details

Property Type Commercial

Sub Type Building and Land

Listing Status Active

Purchase Type For Sale

Square Footage 2,644 sqft

Price per Sqft $217

MLS Listing ID 40820269

Abv Grd Liv Area 2,644

Annual Tax Amount $10,769

Property Sub-Type Building and Land

Source Cornerstone

Property Description

Exceptional user-investor opportunity with approximately 1,568 SF of upcoming vacancy in a 2,644 SF multi-tenant retail building. Located on the prominent corner of Colborne Street South and Peel Street, just steps from Downtown Simcoe and two blocks from Highway 24, the property offers excellent visibility and accessibility. New Orleans Pizza has recently renewed for five years, providing stable in-place income while allowing an owner-occupier to establish their business, build equity, and offset occupancy costs through rental revenue. Ideal for medical, retail, or professional service users, with additional upside through leasing or future redevelopment. Zoning permits building heights of up to six storeys, and the Official Plan supports mixed-use development with commercial at grade and residential above.

Location

Province ON

County Norfolk

Area Town Of Simcoe

Zoning CBD

Direction Located on the corner of Colborne St S and Peel St

Rooms

Basement None

Kitchen 0

Interior

Fireplace No

Exterior

Lot Frontage 95.47

Garage No

Building

Lot Description Ample Parking, Public Transit, Visual Exposure

Faces Located on the corner of Colborne St S and Peel St

Story 1

Sewer Sewer (Municipal)

Water Municipal

Level or Stories 1

New Construction No

Others

Senior Community false

Tax ID 502250103

Ownership Freehold/None

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Listed by CUSHMAN & WAKEFIELD WATERLOO REGION LTD.

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Doug Folsetter

+1(905) 515-5494

Sales Representative License ID: 4729737

39 Colborne ST Simcoe, ON N3Y 4H2

Doug Folsetter

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby Locations

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39 Colborne ST