24 Norfolk St N
Norfolk, N3Y5C6
For Sale
$4,100,000
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Multi-Use
CATEGORY45,500 Sq Ft
TOTAL AREAX8023624
MLSIDContact Us
Property Description
An exceptional opportunity presents itself with this multi-tenanted retail property with an favourable cap rate! Currently leased by a nationally recognized tenant that occupies the main level and recently signed a new lease with strong annual escalations and flexible renewal options. Located in the core of Simcoe amidst high retail traffic, this building offers unparalleled visibility and investment potential.
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Property Details
Category
Multi-Use
Usage
Retail Store Related
Zoning
MG, HL
Total Area
45,500 Sq Ft
Office/Apartment Area
8,500 Sq Ft
Retail Area
337,000 Sq Ft
Lot Size
290' x 116'
Taxes
$59,168 (2023)
Air Conditioning
Yes
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Listing contracted with The Agency
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Located at the intersection of Norfolk Street and The Queensway (Hwy #24 & Hwy #3) this fully leasedplaza boasts both a Wendy's restaurant and commercial strip. Sitting on 1.39 Acres, the Governor SimcoePlaza is an ideal location and even better place to invest.
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