386 Mapleview Dr E,Barrie, ON L4N
Barrie, ON L4N
Description
Unlock Prime Redevelopment Potential in Barrie's Booming South End. Now available for $2,275,000! 381-387 Mapleview Drive W. offers a rare office investment opportunity with immediate income and long-term upside. Featuring two fully leased office buildings on 0.665 acres with 179' of frontage on Mapleview Drive W., this site currently generates enough income to garner a potential 5.0% cap rate and boasts flexible C4 zoning that allows for many different uses. New Official Plan and draft Zoning designates the property as "Neighbour Area" & "Neighbourhood Commercial" positioning it for future redevelopment in one of Barrie's fastest-growing corridors. Located just west of Essa Road and steps from the Salem Secondary Plan, surrounded by major residential expansion and infrastructure improvements, this property wont last long. View the full brochure to review the investment case. Seller willing to sign headlease and lease back - subject to rental terms and rates (to be negotiated), or provide immediate or planned future vacant possession, at Buyers request and necessity.
Details
| MLS# | S12146182 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | New |
| Days On Site | 31 |
| Listing Provided By | SUTTON GROUP INCENTIVE REALTY INC. | S12146182 097414 |
Features
| Bath(s) | 3 |
|---|---|
| SQ Feet | 5,153 |
| Acreage | 0.12 |
Interior
| Cooling | Yes |
|---|
Exterior
| Community Features | Major Highway, Public Transit |
|---|
Taxes
| Property | 18436 |
|---|
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Learn More About This Property
| Province | ON |
|---|---|
| Region | Simcoe |
| City | Barrie |
| Postal Code | L4N |
| Area | Holly |
| Listing VS Median (in L4N) | |
Price: $2,275,000 low | high Med: $799,999 SqFt: 5,153 low | high Med: 108,900 $ / SqFt: $441 low | high Med: $7 On site: 31 low | high Med: 14.000000 | |