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$1,300,000
Available - For Sale
Listing ID: S13727236
Exceptional opportunity for developers and investors to acquire a substantially advanced mixed-use development site at 59 Main Street, prominently positioned on the corner of Main St & Simcoe St in Penetanguishene. This approximately 8,100 sq. ft. hilltop property offers Georgian Bay sightlines, excellent exposure and General Commercial (CG) zoning, creating the foundation for an attractive residential and commercial infill project. More than simply a parcel of land, the offering includes the real estate, upgraded site infrastructure and a comprehensive architectural and engineering IP package, including professional renderings, floor plans, massing studies and elevation plans. Significant infrastructure work has already been completed, with municipal water, sewer and electrical services upgraded and capped at the property line, potentially representing $25,000-$40,000+ in avoided hookup costs. The site is vacant and positioned for execution within municipal parameters, allowing a purchaser to build upon considerable upfront planning and design work rather than starting from scratch. For a developer looking to reduce pre-construction uncertainty, shorten the development timeline and control upfront costs, 59 Main Street represents a rare opportunity to acquire a strategically located infill site with much of the groundwork already completed.
Price $1,300,000
Taxes: $4,458.78
Tax Type: Annual
Occupancy by: Vacant
Address: 59 Main Street , Penetanguishene, L9M 1S8, Simcoe
Postal Code: L9M 1S8
Province/State: Simcoe
Legal Description: PT LT A SUBDIVISION B E/S PENETANGUISHEN
Directions/Cross Streets: Main St and Simcoe St
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Category: With Property
Use: Other
Building Percentage: T
Total Area: 16,165
Total Area Code:  Square Feet
Retail Area Code: Sq Ft
Financial Statement: F
Chattels: F
Franchise: F
Days Open: V
Hours Open: Varies
Employees #: 0
Seats: 0
Maintenance: 0
Sprinklers: No
Heat Type: None
Central Air Conditioning: No
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RE/MAX CROSSTOWN REALTY INC.

59 Main Street , Penetanguishene, L9M 1S8, Simcoe

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Maria Tompson
Sales Representative
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Type: Com - Sale Of Business
Area: Simcoe
Municipality: Penetanguishene
Neighbourhood: Penetanguishene
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Tax: $4,458.78
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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Personal Pic Maria Tompson Sales Representative Re/Max Example Inc, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854
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Maria Tompson
Sales Representative
Re/Max Example Inc, Brokerage
Independently owned and operated.
support@bestforagents.com

 

 

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