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857-859 Lakeshore Rd E 2,845 SF Retail Building Mississauga, ON L5E 1E2 For Sale



EXECUTIVE SUMMARY
This Property Is Located In A Prime Location On A Busy Corner Of Lakeview Community In Mississauga. The Whole Area Is Undergoing Intensification & Redevelopment. This Is A Great Investment Opportunity For End Users, Investors, Builders & Developers. The Property Consist Of 3 Lots, 2 Addresses: 857 & 859 Lakeshore Road East & 2 PINS. Currently Operating As Automotive/Mechanic Garage, Car Dealership Sales & Service. Large Corner Lot With Great Exposure, 4 Car Garage Bays, Reception Area, Offices & Large Surface Parking. The Property Is Also Site Plan Approved For A Development Proposal Of 4 Storey Mixed-Use Condominium Building With 12-3 Bedroom Units, Ground Floor Commercial/Retail & 16 Parking Spaces. Total GFA 26,541 SF.**** EXTRAS **** Currently A 4 Bay Automotive Garage With Car Sales. Site Plan Approved For Re-Development Of 4 Storey Mixed-Use Condo Building.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Auto Repair
Building Size
2,845 SF
Building Class
C
Year Built
1975
NOI
$120,000 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
0.26 AC
Zoning
C4-12 - commercial residential
Parking
8 Spaces (2.81 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
Walk Score®
Very Walkable (83)
NEARBY MAJOR RETAILERS
1 of 5
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857-859 Lakeshore Rd E
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