$2,999,000
Stratford
309 Lorne Avenue East, Stratford, Ontario, N5A6S4
This industrial property in Stratford is for sale. It has been on the market 54 days, fresher than the Stratford average of 103 days.
Located on high visibility high traffic Lorne Avenue. The site has an entrance off of Lorne Avenue for clients and tenants as well as large parking area for staff it also has an entrance of of Griffith Rd. For loading and unloading. The building has a single phase hydro with multiple tenants at the moment however there is the ability to upgrade to 3 phase at the street perfect for light & heavy construction. The heating source for the building is gas and has half offices on the main floor and high bay warehouse in the rear; the building is air conditioned with a 5 ton unit. The upper floor has offices throughout. Mixed use main floor for multiple tenants or potential with 2 plus acres for industrial. The construction of the building lends itself for expansion as the steel open span structure allows the rear of the building to be opened to potential expansion. Core slab open flooring system loaded on steel beams. Entrance off of Lorne Ave as well as entrance off of Griffith Rd. with ample space for transport turn around. There are 14 by 14 surface loading door as well as man doors to support the use. Environmental study will be done during the listing process. This is a one owner building that has had light use from the start. Signage is a highly visible sign board as well as on the building. For layout of the building as well as details there is an iguide to look at the space as well as all plumbing fixtures and layout. There is additional drawings of the building that may be provided as well. For current as well as future potential this is a great site and is perfect for a mixed use to support the manufacturing as well as light use business for today and potential for expansion in the future. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 54 days on market, against an average age of 103 days across the listings currently for sale in this city
This industrial in Stratford has been listed for 54 days, which is 49 days fresher than the city average of 103. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $2,999,000, about 38.9× the local median household income of $77,000.
Carrying it typically needs a household income of about $585,810 (20% down, 25-yr amortization, stress-tested) — roughly 661% above the area median.
Source: Statistics Canada, 2021 Census (FSA N5A)
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