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$ 2,275,000
Est. payment | /mo
3 Baths
5,153 SqFt
$ 2,275,000
Est. payment | /mo
3 Baths
5,153 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 5,153 sqft
Price per Sqft $441
Subdivision Holly
MLS® Listing ID S12146182
Originating Board Toronto Regional Real Estate Board
Property Description
Unlock Prime Redevelopment Potential in Barrie's Booming South End. Now available for $2,275,000! 381-387 Mapleview Drive W. offers a rare office investment opportunity with immediate income and long-term upside. Featuring two fully leased office buildings on 0.665 acres with 179' of frontage on Mapleview Drive W., this site currently generates enough income to garner a potential 5.5% cap rate and boasts flexible C4 zoning that allows for many different uses. New Official Plan and draft Zoning designates the property as "Neighbour Area" & "Neighbourhood Commercial" positioning it for future redevelopment in one of Barrie's fastest-growing corridors. Located just west of Essa Road and steps from the Salem Secondary Plan, surrounded by major residential expansion and infrastructure improvements, this property wont last long. View the full brochure to review the investment case. Seller willing to sign headlease and lease back - subject to rental terms and rates (to be negotiated), or provide immediate or planned future vacant possession, at Buyers request and necessity. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air
Cooling Fully air conditioned
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 25
Private Pool No
Listed by SUTTON GROUP INCENTIVE REALTY INC.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "