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260 Centre St 50,829 SF Industrial Building Petrolia, ON N0N 1R0 $3,100,000 CAD ($60.99 CAD/SF)

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INVESTMENT HIGHLIGHTS

  • Large flat cleared fenced site, excellent laydown - exterior storage permitted
  • Building in good shape
  • Three entrances to the property enabling great truck traffic circulation and

EXECUTIVE SUMMARY

Nearly fully leased 50,829 sqft. building located on 14.4 acres in Petrolia with frontage on Centre Street and Discovery Line. National and international tenants with additional income from roof rental. Potential for income generation from external storage/laydown rentals and further site development. The interior of the property was recently painted and laydown outside storage areas have been developed. M1 zoning allows for many industrial and commercial uses. The exterior walls were recladded, insulated and a new steel roof installed approximately 10 years ago. Ceilings 12 ft to 15 ft with a small area at loading bay 18.5 ft. Building is masonry construction. There are three gated entrances to the property and five loading bays offering excellent traffic management. There are six offices, and large lunch and conference rooms. 420 amp, 600 volts can be upgraded to 600 amps, 600 volts. Other documentation available with a signed non-disclosure agreement. Seller willing to take back financing.

PROPERTY FACTS

Price $3,100,000 CAD
Price Per SF $60.99 CAD
Sale Type Investment or Owner User
Sale Condition Excess Land
Property Type Industrial
Property Subtype
Warehouse
  • Industrial Distribution
  • Industrial Manufacturing
Building Class B
Lot Size 14.40 AC
Rentable Building Area 50,829 SF
No. Stories 1
Year Built 1957
Tenancy Single
Clear Ceiling Height 20’
No. Dock-High Doors/Loading 5
No. Drive In / Grade-Level Doors 5
Zoning M1 - General Industrial (M1) Wide range of uses including light industrial, research and development, warehousing, truck transport terminal, lumber yard,

AMENITIES

  • Fenced Lot
  • Security System
  • Air Conditioning
  • Fiber Optic Internet

UTILITIES

  • Gas
  • Water
  • Sewer
  • Heating - Gas
  • Listing ID: 33924791

  • Date on Market: 2024-11-19

  • Last Updated:

  • Address: 260 Centre St, Petrolia, ON N0N 1R0

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