Unlock Prime Redevelopment Potential in Barrie's Booming South End. Now available for $2,275,000! 381-387 Mapleview Drive W. offers a rare office investment opportunity with immediate income and long-term upside. Featuring two fully leased office buildings on 0.665 acres with 179' of frontage on Mapleview Drive W., this site currently generates enough income to garner a potential 5.5% cap rate and boasts flexible C4 zoning that allows for many different uses. New Official Plan and draft Zoning designates the property as "Neighbour Area" & "Neighbourhood Commercial" positioning it for future redevelopment in one of Barrie's fastest-growing corridors. Located just west of Essa Road and steps from the Salem Secondary Plan, surrounded by major residential expansion and infrastructure improvements, this property wont last long. View the full brochure to review the investment case. Seller willing to sign headlease and lease back - subject to rental terms and rates (to be negotiated), or provide immediate or planned future vacant possession, at Buyers request and necessity. (id:4069)
Address
381-387 MAPLEVIEW DRIVE W
List Price
$2,275,000
Property Type
Office
Type of Dwelling
Offices
Area
Ontario
Sub-Area
Barrie (holly)
Bathrooms
3
Floor Area
5,153 Sq. Ft.
Lot Size
179.33 x 189 FT Sq. Ft.
MLS® Number
S12146182
Listing Brokerage
SUTTON GROUP INCENTIVE REALTY INC.
Postal Code
L4N9G4
Zoning
C4 (SP-334)
Site Influences
Highway, Public Transit
Features
Irregular lot size
