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2,000 Sf Commercial Building On 1/4 Acre Of Land For Sale In Cobourg

$1,200,000

Retail for sale in Cobourg, ON

Updated Nov 29, 2021
2,000 SF Commercial Building on 1/4 acre of land For Sale in Cobourg

Details

Broker Co-Op: Yes

Description

High visibility, high traffic location development site with a 3 cap holding income. Currently a retail store, this corner lot sits at the intersection of Cobourg's most prestigious streets and the town's main thoroughfare. Current zoning MC allows many uses and a 2 times coverage, approximately 20,000 sf buildable. Across from Victoria Park, this site affords views of Lake Ontario and walking distance to Cobourg's famous town hall. Cobourg is currently witnessing an unprecedented boom in real property prices with residential rents and condominium selling prices in line with those of downtown Toronto. Cobourg is a hidden gem with the most picturesque waterfront of any Lake Ontario town. A one hour drive from downtown Toronto it is served by seven Via train stops daily going to Toronto, Ottawa, Kingston or Montreal. Copious walking and biking trails along with a four kilometer board walk combined with a marina, beaches and huge summer tourist traffic make it an exceptionally walkable lakeshore community.

Location & nearby

This Retail for sale is located in Cobourg, ON

70 King St E, Cobourg, ON, Canada

Agent Info.

Carol Evans

REALTOR®

Carol Evans

REALTOR®

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