$1,750,000
Belleville
232 Front Street, Belleville (Belleville Ward), Ontario, K8N5K4
This retail property in Belleville is for sale.
MOTIVATED SELLER! End Users and Developers: With its historic architecture and modern upgrades, this property is ready to shape the next chapter of Downtown Belleville. With an impressive 52' frontage, this building has exceptional exposure and street presence, a rare opportunity in the heart of downtown. Plans include 24,831 sf, as per permit and drawings, a versatile layout over 4 levels with 7,967 sf on main floor, 6,721 sf on the second floor, 3,971 sf on the third floors, and 6,172 sf in lower level. The existing building has 18,805 SF. It backs directly onto the Moira River, the River Walk Trail, and public parking. This makes it an ideal setting for a much-needed grocery market catering to the growing residential base in the area, a restaurant/wine bar that maximizes its patio potential and historic charm, a boutique hotel, café, food hall, or an incredible event space. The main floor features ~13' ceilings, refurbished limestone, a stone archway, and exposed brick walls. The recessed front entrance with its new NanaWall (bi-fold doors) opens onto a covered patio, perfect for a high-end restaurant/bar, market, or flagship retail venue. The second floor stuns with 24' ceilings and six towering 13' arched windows that flood the space with natural light. Whether used as a cocktail lounge, restaurant, event venue, studio, gallery, or converted into loft-style residences or offices, the possibilities are as expansive as the ceilings themselves. The basement has 7' ceilings and a more intimate feel, ideal for a speakeasy, wellness studios, offices, or an extension of the main floor. Whether you're an investor, restaurateur, hotelier, or visionary developer, this iconic property in the heart of downtown Belleville offers a design-ready canvas to create a landmark destination in one of Ontario's fastest-evolving downtown cores. *Opportunity for an assembly with neighbouring property* (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 187 days on market, against an average age of 79 days across the listings currently for sale in this city
This retail in Belleville (Belleville Ward) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $1,750,000, about 22.2× the local median household income of $79,000.
Carrying it typically needs a household income of about $341,836 (20% down, 25-yr amortization, stress-tested) — roughly 333% above the area median.
Source: Statistics Canada, 2021 Census (FSA K8N)
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