136 PURDY ROAD

An outstanding investment opportunity with excellent Highway 401 access and visibility in Colborne. This established storage facility features 31 storage units in a range of sizes, including units within the main building and Sea-Can storage units, along with additional commercial and outdoor storage space.With a projected cap rate of approximately 8.5%, the property offers an attractive opportunity for an investor, storage operator, contractor or business owner seeking operational space combined with income potential.The property is zoned General Industrial-1 (MG-1), allowing for a broad range of uses, including warehousing, outside storage, equipment sales, rental and repair, contractor or tradesperson yard and shop facilities, manufacturing, processing, assembly or fabricating, service shops, building supply operations, transportation-related uses and other permitted industrial uses. Buyers are encouraged to complete their own due diligence regarding zoning and their intended use.The current vacancy rate is higher than normal, see attached disclosure. The present vacancy should therefore not be considered representative of the property's historical or stabilized occupancy.With multiple units immediately available, a new owner has the opportunity to actively lease the vacant space, establish their own rental structure and grow revenue. Its accessible location near Highway 401 makes this a versatile income-producing property with excellent potential for both investment and business use. (id:67197)

Price

$699,000

Property Type

Industrial

Transaction Type

For sale

MLS® Number

X13737922

Interior Size

25000 sqft

Cooling

None

Fireplace

No

Heating Fuel

Natural gas

Heating

Forced air

Interior Size

25000 sqft

Water

Municipal water

Size Total

25000 ac

Size Frontage

200 ft

Size Depth

125 ft

Acreage

Yes

Sewer

Septic System

Amenities Nearby

Highway

• Highway