$2,499,000

1024 # 9 Highway

Mildmay ON, N0G 2J0

Description

Very desirable well constructed multi-unit plaza situated on a significant volume north/south highway located on the south end of the growing and pretty Town of Mildmay. Approximately 20 years old. Currently home to the LCBO outlet, Stewarts Pharmacy, the Mildmay Freshmart, as well as a vacant unit that is presently available for lease. Lot is approximately 4 acres in size and includes abundant parking plus significant overflow spaces . Plaza is in close proximity to downtown as well as Community Recreational Centre and elementary schools. Bruce Nuclear Power Generating facility is approximately a 40 minute drive. Plaza also serves surrounding communities of Formosa, Clifford and Deemerton as well as surrounding agricultural community. Serves Towns of Mildmay, Teeswater and Formosa as well as large surrounding rural population. The Town of Mildmay is on the verge of a significant growth period as a large subdivision has been approved and is planed to begin in 2020 as infrastructure and roads are in place. Potential CAP rate of 9.5% as end unit of plaza (approx. 3000 sq. ft.) is presently vacant and available for lease

Details

MLS#30774434
Listing TypeFor Sale
StyleRetail
Sub-TypeResale
StatusActive
Days On Site81

Features

SQ Feet32,000
Story(s)0

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Area Information

ProvinceON
CountyBruce
CityMildmay
Postal CodeN0G 2J0
AreaSouth Bruce
Listing VS Median (in N0G 2J0)
Price:
$2,499,000
low | high
Med:
$574,450
100% of Average
SqFt:
32,000
low | high
Med:
8,632
100% of Average
$ / SqFt:
$78
low | high
Med:
$180
80.117561824212% of Average
On Site:
81
low | high
Med:
76
100% of Average
Listing Updated: 01/16/2020
MLS Number: 30774434
Listing Provided By:
David Manes  of  Peak Alliance Realty Inc.
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