261 HESPELER Road, Cambridge - Business for Sale
261 HESPELER Road, Cambridge, Ontario, N1R3H8
This business in Cambridge is for sale offering roughly 5,253 sq ft of space. It has been on the market 0 days, fresher than the Cambridge average of 57 days.
Description
Excellent opportunity to acquire an established Liquidation retail business. Sits right in the busy Tri-City business corridor on Highway 24/Hespeler Road. This central business hubs brings lots of traffic from towns like Kitchener, Waterloo, Cambridge, Guelph, and many more. Save Spot Liquidation offers approximately 5,400 sq. ft. of retail space with ample customer parking and a complete store setup, making this an ideal opportunity for an entrepreneur looking to take over an operating retail location without the expense and time of building from scratch. The sale includes approximately $55,000 in current inventory cost value, with an estimated retail value of $95,000, along with all existing shelving, display racks, store fixtures, TVs, and security camera systems. Attractive all inclusive lease terms with approximately 2.5 years remaining on the current lease and a 5-year renewal option, providing up to 7.5 years of potential lease term. The owner is selling due to other business commitments and limited time to manage this location. Landlord approval is required for the lease transfer. Seller will cover the landlord's lease transfer fees. Purchase price payable in full upon successful completion of the lease transfer and required documentation. A rare opportunity to acquire an established retail business with inventory, equipment, and a competitive lease in place. Contact for further details or to arrange a viewing! (id:66096)
Property Details
- MLS®
- X14155642
- Property Type
- Business
- Zoning
- COMMERCIAL
- Interior Size
- 5,253 ft²
- Building Area
- 5,253 ft²
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Listed
- Today
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Just listed: 0 days on market, against an average age of 57 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 32 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell close to asking price
Homes in this market sold for an average of 99.8 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.
This business in Cambridge has been listed for 0 days, which is 57 days fresher than the city average of 57. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (N1R)
This home lists at $39,000, about 0.5× the local median household income of $77,000.
Carrying it typically needs a household income of about $7,618 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $77,000
- Population
- 42,928
- Median age
- 40.8
- Owner / renter
- 59% / 41%
- Avg. household size
- 2.5
Source: Statistics Canada, 2021 Census (FSA N1R)
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$39,000
Cambridge