Attention Developers and Investors! Here is a nice opportunity to acquire an approximately 20,000 sq. foot building in prime Talbot Street location. Located right beside St. Thomas largest apartment building, Grand Central Towers on recently upgraded section of Talbot Street. Building has 121 feet of frontage along Talbot Street with 5 entrances and addresses (344,346,348,350 and 360 Talbot Street). Possible severance opportunity. Property is zoned C2 with many possible uses including residential, office, retail and more. Sellers have gutted building at 360 Talbot and had drawings done for a 7 unit residential and 1 unit commercial redevelopment. The total building has the potential for 20-25 residential apartments and 5 or 6 street level commercial units. Property is being sold for less than $40 per sq. foot.
MLS# | 40036367 |
---|---|
Listing Type | For Sale |
Style | Industrial |
Sub-Type | Resale |
Status | Active |
Days On Site | 127 |
Area Information | |
---|---|
Province | ON |
County | Elgin |
City | St. Thomas |
Postal Code | N5R 3L6 |
Area | St. Thomas |
Listing VS Median (in N5R 3L6) | |
Price: $750,000 low | high Med: $750,000 On Site: 127 low | high Med: 127 |