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$ 699,000
Est. payment /mo
Active
136 Purdy RD Cramahe, ON K0K 1S0
25,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 25,000 sqft
Price per Sqft $27
Subdivision Rural Cramahe
MLS Listing ID X13737922
Annual Tax Amount $4,294
Tax Year 2025
Property Sub-Type Industrial
Property Description
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.
Location
Province ON
County Northumberland
Area Northumberland
Zoning MG-1
Interior
Cooling No
Inclusions Fride, stove, washer, dryer, window air conditioner
Exterior
Parking Features None
Community Features Major Highway
Utilities Available Yes
Building
Lot Description Lot
Lited by ROYAL HERITAGE REALTY LTD.