For Sale · Retail

230 HWY 20 E, Thorold (Hurricane/Merrittville)

230 HWY 20 E, Thorold (Hurricane/Merrittville), ON L0S1E6

$1.3M total

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Asset Class

Retail

Size

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Building class

C

Zoning

CSC — Shopping Centre

$ / SF

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Occupancy

87%

Lot Size

5.975 ac

About this property

Presenting a premier commercial property opportunity located directly on Highway 20 in Fonthill, offering exceptional exposure, flexibility, and long-term upside. Set on an expansive 6-acre parcel with approximately 385 feet of frontage along Highway 20 and high daily traffic visibility, this property provides outstanding accessibility with ample parking for approximately 100 vehicles, plus a secondary rear entrance from Hurricane Road. Successfully operated as a garden centre for the past 20 years, the site offers a wide range of potential future commercial uses, with additional space for future development or expanded operations. The well-constructed 861 sq. ft. retail building features a concrete floor, steel roof, gas furnace heater, on-demand water heater, spray foam insulation, and a 2-piece bathroom, while six greenhouse structures and a quonset building provide excellent additional space for growing, storage, equipment, or operational needs. Equipped with an existing septic system, natural gas, and municipal water, the property is further enhanced by 7,500 kilowatt solar panels on the retail building under an active contract to sell generated electricity to Ontario Hydro, producing approximately $4,000 in annual revenue. A rare opportunity to secure a high-exposure commercial asset with established infrastructure, income generation, and significant future potential in a growing Fonthill location. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.30M
Down payment30% · $390K
Interest rate6.25%
Amortization25 years
Occupancy87%
Expense growth2.5%

Monthly debt service

$6K

Projected NOI

$73K

Annual cash flow

$544

Cash-on-cash

0.14%

DSCR

1.01

Going-in cap

5.58%

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

108,929

Households

38,391

Median income

$132,000

Median age

38.7

Daytime population

115,176

5-yr growth

1.1%

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

Secure deal room

Confidential diligence documents for 230 HWY 20 E, Thorold (Hurricane/Merrittville).

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.