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17524 HIGHWAY 2 N/A Image 1

$5,900,000

Mar 27Commercial Retail For Sale
bedroomsbed
washrooms0bath
MLS - #X12045611

17524 HIGHWAY 2 N/A, Quinte West, ON K8V 6M2

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Property Description

Property type

Commercial Retail

Lot size

N/A

Style

Approx. Area

N/A

About 17524 HIGHWAY 2 N/A

9.6 acres of development land for sale (and/or for lease) directly across from Walmart Supercentre (fully leased) with municipal site plan approval obtained & many (8+) AAA retail brands in place who have agreed to lease terms & are ready to sign formal leases directly with new owner for store openings in 2024 & 2025 as part of this brand new 45,000 SF retail plaza including 4 coveted drive-thru buildings (all leased). Severance has been approved to separate the front 5.5 acres fronting Hwy 2 from the remaining southern portion as per attached PDF. A confidentiality agreement must be signed before the tenants/financial terms of leases can be shared, followed by a data room with all due diligence items including enviro/geotechnical reports etc. The Seller would also consider a joint venture to work with another developer to construct this center. Serious inquiries only-no sale assignments please. New grocery store is expected to open across the street adding additional retail destinations to this growing area, making the entire node more attractive for development.

Home Overview

Last updated

Mar 27

Virtual tour

None

Basement information

Building size

9.628

Status

In-Active

Property sub type

Commercial Retail

Maintenance fee

$N/A

Year built

--

Listed by MARINO LOCATIONS LIMITED

Additional Details

Basement:N/A
Cooling:No
Heating:None
Parking Features:N/A

MORTGAGE INFO

ESTIMATED PAYMENT

$0 Principal and Interest
$0 Property Taxes

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