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$ 2,890,000
Est. payment | /mo
$ 2,890,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Subdivision 602 - Embrun
MLS Listing ID X12805176
Annual Tax Amount $36,540
Tax Year 2025
Property Sub-Type Commercial Retail
Lot Depth 208.33
Lot Front 105.47
Property Description
High-Exposure Mixed-Use Investment & Redevelopment Opportunity - Embrun Growth Corridor. Rare opportunity for investors and developers to acquire a high-visibility corner asset in one of Embrun's fastest-growing commercial corridors. Positioned on a prominent site with strong street frontage and steady daytime traffic, this property offers both stable in-place income and significant long-term upside.The building consists of approximately 25,000 sq. ft. above grade plus a full basement, totaling nearly 40,000 sq. ft. of usable space. Zoned for mixed-use development with potential approval for up to five storeys, the property presents a compelling opportunity for future intensification, redevelopment, or strategic repositioning. The rear section features 16-foot clear ceiling heights and a functional loading dock, allowing for a wide range of commercial uses including retail, warehouse, light industrial, or service-based operations. The site also includes 41 on-site parking spaces. Currently occupied by four established long-term tenants, the property generates stable income with additional value-add potential through lease optimization and repositioning of available space. With a strong existing NOI of approximately $191,000, 6.62% CAP Rate, investors can benefit from immediate cash flow while planning future redevelopment or rent growth strategies. This is a rare chance to secure a multi-tenant commercial asset in a high-growth area with both income stability and clear development upside. Please do not disturb tenants or staff. Exterior viewing only. All interior showings by appointment through the listing agent during business hours.
Location
Province ON
County Prescott And Russell
Area Prescott And Russell
Interior
Cooling Yes
Exterior
Community Features Major Highway, Recreation/Community Centre
Utilities Available Available
Lot Frontage 105.47
Lot Depth 208.33
Others
Security Features No
ParcelsYN No
Listed by EXIT RESULTS REALTY
NEARBY SCHOOL & BUSINESS
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