59 Main Street Penetanguishene, Ontario L9M 1S8

$1,300,000

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. (id:55460)

Property Details

MLS® Number	S13727236
Property Type	Business
Community Name	Penetanguishene
Farm Type	Other

Building

Cooling Type	None
Heating Type	No Heat
Size Interior	16,165 Ft2
Utility Water	Municipal Water

Land

Acreage	No
Size Frontage	99 Ft ,4 In
Size Irregular	99.36 Ft
Size Total Text	99.36 Ft
Zoning Description	Cg

https://www.realtor.ca/real-estate/30214608/59-main-street-penetanguishene-penetanguishene