171 Main St S
Newmarket, L3Y3Y9
UNAVAILABLE
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Office
CATEGORY16,265 Sq Ft
TOTAL AREAN4632767
MLSIDContact Us
Property Description
Rare Prime Real Estate Now Available!! Well Maintained Three Storey Commercial Building In Heart Of Downtown Newmarket. High Demand Area With Great Exposure! Excellent Incoming Producing Property With Fantastic Tenants! Mixed Use With 26 Units: Professional Offices, Retail, 1 Residential Unit. Plenty Of Free Municipal Parking Located At The Rear Of The Building Rear With Side Access To Parking.
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Extras
Long Term Tenants, Secure Rents. Close To Go Station, Renowned Southlake Hospital, Major Streets & Highway 404 Rare Opportunity With Secure Income And A Great Cap Rate!
Property Details
Category
Office
Usage
Professional Office
Zoning
Uc D1
Total Area
16,265 Sq Ft
Office/Apartment Area
80.0
Retail Area
20.0
Lot Size
57' x 143'
Taxes
$33,405 (2019)
Air Conditioning
Yes
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Listing contracted with Re/Max Realty Specialists Inc., Brokerage
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An absolute investment and Development opportunity at a prominent 28,800 sqft site in a fast-growing Newmarket with the exceptional 180-foot-wide prestigious Yonge St visibility, on multiple bus routes, and fast access to Highway 400 and 404 via Davis Dr and Green Ln. The land is already zoned for Mixed-use(commercial and Residential) along Newmarket's Main Commercial Corridor. The existing building was upgraded extensively up to the button just a year ago with plenty of parking spots on a new paved surface. Experience a positive cash flow if you are thinking of renting this unique location to a Car dealership, Daycare, Clinic, or any retail business while you await your final permits and approvals to significantly intensify the site for its highest and best use. The LRT/Rapid Transit configuration and modern urbanizing on Yonge St is under construction to raise the value of this golden opportunity onto the moon.
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