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INVESTMENT HIGHLIGHTS
- Current Tax Class: 0021 - Farmland 2024 Taxes: $688.56
- Development Potential Upon securing a traditional variance for the 10-acre minimum area requirement, the property can support several high-value uses.
- Special Uses (via permit): Asphalt or concrete batch mixing plants (Ready Mix) and associated recycling facilities.
- Total Acreage: 7.04 Acres
- Permitted Uses: Surface/open pit mining, extraction, and processing of sand, gravel, and limestone.
EXECUTIVE SUMMARY
Strategic Industrial Zoning
The property is currently zoned M-3 (Aggregate Materials Extraction, Processing, and Site Reclamation District). While it currently operates under a farmland tax classification, it is positioned for high-value industrial operations.
Premium Site Characteristics
Superior Soil Quality: Primary soil is Martinton Silt Loam, offering stable ground suitable for heavy equipment and industrial development.
Ideal Topography: The site is flat with an average elevation of 595 feet, significantly reducing grading costs for future extraction or plant construction.
Minimal Flood Risk: 81% of the property is located in Zone X (Minimal Flood Hazard), allowing for efficient and strategic site planning.
Development Potential
Upon securing a traditional variance for the 10-acre minimum area requirement, the property can support several high-value uses.
Permitted Uses: Surface/open pit mining, extraction, and processing of sand, gravel, and limestone.
Special Uses (via permit): Asphalt or concrete batch mixing plants (Ready Mix) and associated recycling facilities.
The M-3 Zoning
The property is currently zoned M-3, the Aggregate Zoning and Site Analysis Materials Extraction, Processing and Site Reclamation District. However, the property size of 7.04 acres is short of the "greater than ten (10) acres" minimum requirement for this district. This presents an approx. thirty % deficit.
The information provided herein was obtained from sources believed reliable; however, Peter J. Poulos Real Estate makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions, prior sale or lease, or withdrawal without notice.
PROPERTY FACTS
| Price | $263,900 CAD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 7.04 AC |
| Price | $263,900 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 7.04 AC |
1 LOT AVAILABLE
Lot
| Price | $263,900 CAD | Lot Size | 7.04 AC |
| Price Per AC | $37,485.87 CAD |
| Price | $263,900 CAD |
| Price Per AC | $37,485.87 CAD |
| Lot Size | 7.04 AC |
The primary soil type is Martinton Silt Loam, indicating stable ground for heavy equipment and industrial development. The site is flat with an average elevation of 595ft, which minimizes grading costs for construction or extraction.
DESCRIPTION
Investment Highlights Strategic Industrial Zoning The property is currently zoned M-3 (Aggregate Materials Extraction, Processing, and Site Reclamation District). While it currently operates under a farmland tax classification, it is positioned for high-value industrial operations. Premium Site Characteristics Superior Soil Quality: Primary soil is Martinton Silt Loam, offering stable ground suitable for heavy equipment and industrial development. Ideal Topography: The site is flat with an average elevation of 595 feet, significantly reducing grading costs for future extraction or plant construction. Minimal Flood Risk: 81% of the property is located in Zone X (Minimal Flood Hazard), allowing for efficient and strategic site planning. Development Potential Upon securing a traditional variance for the 10-acre minimum area requirement, the property can support several high-value uses. Permitted Uses: Surface/open pit mining, extraction, and processing of sand, gravel, and limestone. Special Uses (via permit): Asphalt or concrete batch mixing plants (Ready Mix) and associated recycling facilities. The M-3 Zoning The property is currently zoned M-3, the Aggregate Zoning and Site Analysis Materials Extraction, Processing and Site Reclamation District. However, the property size of 7.04 acres is short of the "greater than ten (10) acres" minimum requirement for this district. This presents an approx. thirty % deficit. Development Potential Upon securing a traditional variance for the 10-acre minimum area requirement, the property can support several high-value uses. Permitted Uses: Surface/open pit mining, extraction, and processing of sand, gravel, and limestone. Special Uses (via permit): Asphalt or concrete batch mixing plants (Ready Mix) and associated recycling facilities. The information provided herein was obtained from sources believed reliable; however, Peter J. Poulos Real Estate makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions, prior sale or lease, or withdrawal without notice.
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9391 Sherrill Rd - Lisbon
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