For Sale · Retail

67 FOURTH STREET, Midland

67 FOURTH STREET, Midland, ON L4R3S9

$800,000 total

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Asset Class

Retail

Size

—

Building class

C

Zoning

CB1 — Low Intensity Business

$ / SF

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Occupancy

92%

Lot Size

1.269 ac

About this property

What could you create on approximately 1.63 acres in the heart of Midland?Positioned just steps from Georgian Bay, 67 Fourth Street presents a rare opportunity for builders, developers and investors to transform a prominent site in one of Simcoe County's growing waterfront communities.Formerly home to the Town of Midland Parks Depot, the property includes existing structures (8500 and 2600 sqft approx) and benefits from excellent visibility, convenient access and proximity to downtown Midland, the waterfront, a large marina, boat launch, parks, trails, shopping, dining and essential community amenities.Currently zoned Institutional, the site offers compelling redevelopment possibilities, subject to the necessary planning and municipal approvals. Imagine a vibrant mixed-use development featuring street-level commercial space with residential apartments above, an adaptive-reuse project, or another thoughtfully designed concept that capitalizes on the property's size, exposure and desirable location.Bring your plans. Unlock the site's potential. Build something that stands out.Buyers are encouraged to conduct their own due diligence regarding their proposed use of the property, including applicable zoning and Official Plan policies, permitted uses, redevelopment potential, building height and density, setbacks, parking, servicing, environmental considerations, development charges and all required municipal approvals. (id:66811)

Financial sandbox

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Estimate
Purchase price$800K
Down payment30% · $240K
Interest rate6.25%
Amortization25 years
Occupancy92%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$49K

Annual cash flow

$4K

Cash-on-cash

1.83%

DSCR

1.10

Going-in cap

6.09%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

133,968

Households

52,579

Median income

$68,500

Median age

41.5

Daytime population

168,086

5-yr growth

4.1%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 67 FOURTH STREET, Midland.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.