80 Second Avenue W Simcoe, Ontario N3Y 2P3
MLS# 40687934 - Buy this house, and I'll buy Yours*

$3,850,000

Explore an outstanding investment opportunity with this expansive warehouse property, featuring a single national triple net tenant. Spanning approximately 62,000 square feet on around 3 acres, this versatile space is designated as Urban Residential in the Official Plan, positioning it as an excellent prospect for future development. The tenant currently occupies the entire building and has recently signed a new lease that includes strong annual escalations and favorable renewal terms, ensuring a reliable income stream. With a cap rate of just under 8% and annual escalations extending through 2028, this property promises an impressive return on investment. Conveniently located near the intersection of Queensway and Norfolk in downtown Simcoe, it offers easy access and ample on-site parking. Seize this exceptional industrial investment opportunity! (id:51158)

Property Details

MLS® Number	40687934
Property Type	Vacant Land

About 80 Second Avenue W, Simcoe, Ontario

This For sale Property is located at 80 Second Avenue W Vacant Land, in the City of Simcoe Vacant Land bedroom(s), bath(s) . 80 Second Avenue W heating . This house features a Fireplace.

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This Simcoe

The Current price for the property located at 80 Second Avenue W, Simcoe is $3,850,000 and was listed on MLS on :2025-01-08 19:24:05

Building

Basement Type	None
Utility Water	Municipal Water

Land

Acreage	Yes
Sewer	Municipal Sewage System
Size Depth	311 Ft
Size Frontage	570 Ft
Size Total Text	2 - 4.99 Acres
Zoning Description	Mg, Hl

Utilities

Electricity	Available
Natural Gas	Available

https://www.realtor.ca/real-estate/27778740/80-second-avenue-w-simcoe