Business For Sale · Industrial

LOT 11 CON 2 TYOTOWN ROAD ROAD, Cornwall

LOT 11 CON 2 TYOTOWN ROAD ROAD, Cornwall, ON K6H5R5

$949,900 total

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Asset Class

Industrial

Size

—

Building class

A

Zoning

IB — Industrial Business

$ / SF

—

Occupancy

93%

Lot Size

17.78 ac

Clear height

27 ft

Loading docks

3

About this property

Major development opportunity in the sought-after Cornwall area of developer-friendly South Glengarry Township. Approx. 17.8 acres zoned Highway Commercial (CH), just 0.5 mile from the Walmart/Michelin Distribution Centre in Cornwall's Industrial Park and minutes from Hwy 401, Exit 796. Surrounded by major logistics operators, including Walmart, Charger Logistics, BVD Group and IFS Logistics. VERSATILE CH ZONING: Permitted uses include private transit depot, place of worship or assembly, outdoor recreation, entertainment, motor vehicle establishment, mini-warehouse/storage, motel, garden centre/greenhouse and contractor's yard, among others. VALUE-ADD POTENTIAL: Two preliminary estate-residential subdivision concepts prepared by EFI Engineering (Project #25-7999), subject to municipal approvals: OPTION 1: 25 half-acre estate lots plus a front commercial block (approx. 0.49 acre) on Tyotown Rd. Proposed lots have approx. 93'11" frontages and 233'3" depths. Includes an internal 20 m right-of-way with cul-de-sac, two potential stormwater management pond locations and open space. OPTION 2: 17 three-quarter-acre estate lots plus a front commercial block (approx. 0.49 acre) on Tyotown Rd. Proposed lots have approx. 140'1" frontages and 233'7" depths. Includes an internal 20 m right-of-way with cul-de-sac, two potential stormwater pond locations and open space. Both concepts retain highway commercial frontage on Tyotown Rd for commercial use or potential future income. Phase 1 completed and available with a conditionally accepted offer. (id:66811)

Financial sandbox

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Estimate
Purchase price$950K
Down payment30% · $285K
Interest rate6.25%
Amortization25 years
Occupancy93%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$53K

Annual cash flow

$729

Cash-on-cash

0.26%

DSCR

1.01

Going-in cap

5.62%

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

77,483

Households

31,353

Median income

$100,000

Median age

43.4

Daytime population

105,793

5-yr growth

4.3%

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

Secure deal room

Confidential diligence documents for LOT 11 CON 2 TYOTOWN ROAD ROAD, Cornwall.

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.