30, Melanie, Steeles Industrial, Brampton, Commercial
- 35000 SQFT
Description
Commercial Investment For Sale.
Multi-Tenant Investment Property with re-development potential at the corner of Melanie Dr. and Steeles Avenue East. The ~35,000 square foot building is comprised of Ground Floor space of 28,000 sq.ft. +/- and Second Floor space of 7,000 sq.ft. +/- (vacant). Property has Excellent Curb Appeal! Functional layout with Steeles Ave East street frontage in a Prime Retail Commercial and Transportation Corridor. Situated in a highly sought-after, established employment pocket in Brampton the site is located 8.3 Km from Pearson International Airport. Neighbour to the Bramalea GO: Located just to the West along Steeles, offering effortless commuter access across the GTA. Rapid Transit System as well to Brampton Transit and Züm rapid bus routes. Highway Proximity: access to Highways 410, 407, and the 401, streamlining logistics and employee commutes. An Architect redevelopment concept has been designed for a 93 unit hotel on top of existing structure as per plans submitted to the City of Brampton for a pre application consultation. A complete development application required to pursue approvals and permits. A pre application report from the City of Brampton has been received and is available. Corner property with frontage both on Melanie Dr and Steeles Ave East. Two land parcels Rear parcel of the property has a 15' +/- right of way in favour of the adjacent property owner subject to restrictions. Zoning: Permits a range of Industrial and Non Industrial Retail Uses including restaurants and banquet halls. Buyer Agent to confirm Permitted Uses. Zoning: M1-2582. Main Floor is leased with net rents averaging approximately $25 per square foot (estimated figure) to be confirmed during Buyer Due Diligence Period (subject to adjustment). The List Price of this property for one dollar does not legally require the seller to sell it for that price, as it is considered an "invitation to treat" rather than a binding offer. The property is being sold via a competitive bidding process.
Community Features: Public Transit
Cross Street: Torbram Road and Steeles Avenue East
Key Facts
- Days on: 9 days
- Mls Status: New
- Lot Type: Lot
- Lot Width: 450.00
- Garage Type: None
- Heat Type: Gas Forced Air Open
- Cooling: Yes
- Building Area Total: 35000 Square Feet
- Retail Area: 28000 Sq Ft
Location 30, Melanie, Steeles Industrial, Brampton
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