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1416 Centre St Vaughan, Ontario L4J 8A1

36858 sqft
Fully Air Conditioned

$18,990,000

Attention All Investors And Developers! Rare Opportunity To Acquire A Fully Tenanted Commercial/Retail Plaza In A Prime Location Of Thornhill. The Property Is Currently Improved With A One-Storey Building (Appx 37,000 Including Basement), Occupied By All Long-Term Tenants. Upside For Additional Income In The Basement. Incredible Redevelopment Potential - Mixed Use Or Mid-Rise. Property Being Offered Based On Redevelopment And Not Current Cap Rate.**** EXTRAS **** Preliminary Planning Investigations Indicate That The Site Can Accommodate A Mid-Rise Residential Development With A 12-Storey Building, Mixed Use Retail/Residential Or Retail/Office Mix. Close Proximity To Public Transit And 407 Etr (id:29916)

Property Details

MLS® Number N4311965
Property Type Retail
Community Name Beverley Glen

Building

Cooling Type Fully Air Conditioned
Fireplace Present No
Size Interior 36858 Sqft
Utility Water Municipal Water

Land

Acreage No
Size Irregular 208.96 X 386.24 Ft ; 1.85 Acres
Size Total Text 208.96 X 386.24 Ft ; 1.85 Acres

https://www.realtor.ca/PropertyDetails.aspx?PropertyId=20205648

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