$374,900

274 Main Street

Parkhill ON, N0M 2K0

Description

Potential to the max with mixed use zoning in one of SW Ontario's most quintessential & quaint small town atmospheres! Start a new life in Parkhill, Ontario just minutes to Grand Bend's famous Main Beach at this two lot property* situated at an anchor location with a over century's worth of history. This nostalgic & well-kept retail store, the Parkhill Country Collectibles & Antique store (the former Legion Hall in Parkhill) offers 3400 square feet of floor place across two levels with the potential for the upper level to be converted to a legal residential home. Equipped with a forced air gas furnace & 2 kitchens/bars + 4 washrooms (2 on each levels), this could be re-purposed in a variety of ways. *However, of even stronger interest is the fact that this owner already has permission to divide the property into two 45 foot lots with North Middlesex C1 zoning, allowing for multi-unit development with residential above commercial, and this price of course includes the full property with the potential to be 2 separate lots. The low-maintenance exterior & steel roof plus the wrap around deck, all in great condition, allow the hobbyist type of real estate investor to focus on a new plan for the inside of the building. Or, you can remove the building completely and go for multi-unit development! From an investment perspective alone, the current asking price falls right into the pocket based on the recent sales of vacant land in Parkhill, without even applying any value from the building. This one is not likely to last long at this price! *The second lot will need to be serviced. This is a real estate sale for the land and building that does not include the store's inventory of antiques. However, depending on the offer proposed, some inventory may be negotiable, and all of the inventory is presently for sale in the store.

Details

MLS#40093705
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
StatusActive
Days On Site37

Features

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Area Information
ProvinceON
CountyMiddlesex
CityParkhill
Postal CodeN0M 2K0
Area6 - North Middlesex
Listing VS Median (in N0M 2K0)
Price:
$374,900
low | high
Med:
$449,900
29.994665244065% of Average
On Site:
37
low | high
Med:
65
56.923076923077% of Average
Sourced by Back At You
Listing Updated: May 14, 2021 8:00:57 PM PDT
MIKE SLOAN LogoMLS Number: 40093705
Listing Provided By:
MIKE SLOAN  of  ROYAL LEPAGE TRILAND REALTY
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