$11,950,000

Commercial For Sale In Central Oakville, Oakville (Old Oakville), Ontario

$11,950,000

Property Information:

The Beer Store is an excellent AAA Tenant With a 15-year lease plus options with both parties having Termination rights. The Tenant's after 10 years and the Landlord's termination rights can beexecuted at any time for re-development. Ask the listing agent for details.This single tenant property is situated on 0.58 acres of land & is located on the southwest corner of Lakeshore Road West and Kerr Street. This rare opportunity in downtown Oakville is just a quick walk to Lake Ontario. It's the perfect scenario that provides income today and incredible mix use re-development in the future. Ask the listing agent about an identical property two blocks away which recently received a staff recommendation report and an official plan amendment, which allows them eight floors andapproximately 109,000 ft.2 **** EXTRAS **** This property is surrounded by many major retail chains within walking distance. Please do not disturb the tenant's employees. (id:27)

Building Features:

  • Style: Retail
  • Air Conditioning: Yes
  • Heating Type: Other
  • Heating Fuel: Natural gas
  • Cooling Type: Fully air conditioned

Property Features:

  • Property Type: Retail
  • Irregular: Yes
  • Lot Depth: 160.0 Feet
  • Lot Frontage: 156.6 Feet
  • Lot Size: 156.6 x 160 FT
  • Zoning: Commercial

Courtesy of: SUTTON GROUP-ADMIRAL REALTY INC.

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This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.