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Investment Highlights
- 100% Leased Investment Opportunity
- Potential for future building expansion
- Conveniently located on Route 1 and less than ½ mile from I-95
Executive Summary
537 Lafayette Road was redeveloped in 2005 for National Tire & Battery, which was rebranded as Mavis Tires & Brakes in 2023. This 1.53± acre parcel is strategically situated along Route 1, less than half a mile from Interstate 95. A center turn lane provides convenient access for vehicles making left turns into the property. The site is level and approximately 75% developed, allowing potential for future building expansion. A small block building at the rear serves as used tire storage, with ample onsite parking and vehicle circulation around the building to ensure easy movement for both cars and delivery trucks.
For more information a signed confidentiality agreement is required.
For more information a signed confidentiality agreement is required.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
8,064 SF
Building Class
C
Year Built
2005
Price
$6,574,752 CAD
Price Per SF
$815.32 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.53 AC
Opportunity Zone
Yes
Zoning
Commercial Zone 2
Frontage
126’ on Lafayette Rd
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | SEAB-000008-000000-000022 | Improvements Assessment | $601,316 CAD |
| Land Assessment | $1,910,787 CAD | Total Assessment | $2,512,103 CAD |
Property Taxes
Parcel Number
SEAB-000008-000000-000022
Land Assessment
$1,910,787 CAD
Improvements Assessment
$601,316 CAD
Total Assessment
$2,512,103 CAD
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NTB | 537 Lafayette Rd
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