Flamborough, ON L9H 5E1,381 #8 Highway
Flamborough, ON L9H 5E1,381 #8 Highway
Flamborough, ON L9H 5E1,381 #8 Highway
4
$4,750,000
$5,250,000
9.5%
Est.Price: ?

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45 SqFt

381 #8 Highway Flamborough, ON L9H 5E1

Est. payment /mo
SOLD DATE : 11/23/2023

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Key Details

Sold Price $4,750,000

Property Type Commercial

Sub Type Industrial

Listing Status Sold

Purchase Type For Sale

Square Footage 45 sqft

Price per Sqft $105,555

MLS Listing ID XH4162331

Annual Tax Amount $17,214

Property Sub-Type Industrial

Property Description

Great industrial investment property with upside potential. Main Tenants are a long term federally approved cannabis growing facility supported by additional land leases with strong covenants for compelling cap rate. Potential for additional income with the renovation of currently vacant building with roughly 6000 square feet of space. Net income $273,800.00. Over 44 acres of land on Highway 8 with easy access to Highway 5. Multiple buildings with ample loading doors both drive-in and truck level (three with levelers). Zoning exception allows for warehouse use for increased potential. Clear heights vary throughout the industrial spaces from 12' to 15'4" in the main building. Secondary buildings currently used as storage, but boast power, floor plans, and clear heights allowing tremendous possibilities.

Location

Province ON

County Hamilton

Area 43 - Flamborough

Zoning P8, P6, A2 Exp. 209

Interior

Heating Gas Forced Air Closed

Exterior

Parking Features Outside/Surface

Utilities Available Yes

Building

Lot Description Urban, Irregular Lot, Greenbelt, Rec./Community Centre

Sewer Septic Tank

Water Cistern, Unknown

New Construction No

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Listed by Blair Blanchard Stapleton Ltd.

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James Benson

James Benson

Broker | License ID: 9533313

+1(416) 992-2874

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