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$ 9,999,998
Est. payment | /mo
$ 9,999,998
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Subdivision Hanover
MLS Listing ID X13093930
Annual Tax Amount $31,688
Tax Year 2025
Property Sub-Type Industrial
Property Description
Exceptional industrial/commercial opportunity at 595 First Street in Hanover. This impressive multi-unit building offers approximately 48,000 sq. ft. divided into 26 individual units, making it ideal for investors, owner-users, and businesses seeking flexible industrial space in Hanover's growing industrial corridor. Each unit features its own private washroom, separate man door entrance, overhead drive-in door, individually metered hydro and gas services, and open-span layout suitable for warehousing, manufacturing, trades, storage, service businesses, showroom, and industrial-commercial uses. The property is equipped with a powerful 3-phase electrical system designed to support modern industrial operations. Ample on-site parking is available for staff and customers, along with a shared loading dock to support shipping and receiving needs. The flexible design allows users to customize units to suit their business operations while offering excellent leasing potential for investors. A major highlight is the future upside potential. Ownership is currently working on a condominium conversion plan, creating the opportunity for future individual unit sales and additional investment flexibility. Investors can benefit from multi-tenant income while positioning for future resale opportunities, while owner-users can secure long-term space in a rapidly expanding market. Situated on a sizable site with room for future expansion and potential for an additional commercial building, this property offers rare growth potential in one of Ontario's emerging industrial markets. Excellent opportunity to acquire a versatile industrial asset with strong income potential, future condo conversion upside, and long-term value.
Location
Province ON
County Grey County
Area Grey County
Zoning M1
Rooms
Kitchen 0
Interior
Cooling Unknown
Exterior
Community Features Public Transit, Recreation/Community Centre
Utilities Available Yes
Lot Frontage 392.0
Lot Depth 661.0
Building
New Construction false
Others
Security Features Unknown
ParcelsYN No
Listed by COLDWELL BANKER THE REAL ESTATE CENTRE
Nearby Locations
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