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$ 1,300,000
Est. payment /mo
Active
59 Main ST Penetanguishene, ON L9M 1S8
16,165 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Sale Of Business
Listing Status Active
Purchase Type For Sale
Square Footage 16,165 sqft
Price per Sqft $80
Subdivision Penetanguishene
MLS Listing ID S13727236
Annual Tax Amount $4,458
Tax Year 2025
Lot Size 8,094 Sqft
Property Sub-Type Sale Of Business
Property Description
Exceptional opportunity for developers and investors to acquire a substantially advanced mixed-use development site at 59 Main Street, prominently positioned on the corner of Main St & Simcoe St in Penetanguishene. This approximately 8,100 sq. ft. hilltop property offers Georgian Bay sightlines, excellent exposure and General Commercial (CG) zoning, creating the foundation for an attractive residential and commercial infill project. More than simply a parcel of land, the offering includes the real estate, upgraded site infrastructure and a comprehensive architectural and engineering IP package, including professional renderings, floor plans, massing studies and elevation plans. Significant infrastructure work has already been completed, with municipal water, sewer and electrical services upgraded and capped at the property line, potentially representing $25,000-$40,000+ in avoided hookup costs. The site is vacant and positioned for execution within municipal parameters, allowing a purchaser to build upon considerable upfront planning and design work rather than starting from scratch. For a developer looking to reduce pre-construction uncertainty, shorten the development timeline and control upfront costs, 59 Main Street represents a rare opportunity to acquire a strategically located infill site with much of the groundwork already completed.
Location
Province ON
County Simcoe
Area Simcoe
Interior
Cooling No
Exterior
Utilities Available Yes
Lot Frontage 99.36
Others
Security Features No
ParcelsYN No
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Listed by RE/MAX CROSSTOWN REALTY INC.
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