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17524 Highway 2

9.6 Acres of Commercial Land Offered at £3,266,449 in Quinte West, ON K8V 6M2

Investment Highlights

  • Directly across from Walmart Supercentre (fully leased) with municipal site plan
  • Severance has been approved to separate the front 5.5 acres fronting Hwy 2 from the remaining southern portion
  • Ready to sign formal leases directly with new owner for store openings in 2024 & 2025 as part of this brand new 45,000 SF retail plaza.

Executive Summary

9.6 acres of development land for sale (and/or for lease) directly across from Walmart Supercenter (fully leased) with municipal site plan approval obtained & many (8+) AAA retail brands in place who have agreed to lease terms & are ready to sign formal leases directly with new owner for store openings in 2024 & 2025 as part of this brand new 45,000 SF retail plaza including 4 coveted drive-thru buildings (all leased). Severance has been approved to separate the front 5.5 acres fronting Hwy 2 from the remaining southern portion as per attached PDF. A confidentiality agreement must be signed before the tenants/financial terms of leases can be shared, followed by a data room with all due diligence items including enviro/geotechnical reports etc. The Seller would also consider a joint venture to work with another developer to construct this center. Serious inquiries only-no sale assignments please.

Property Facts

Price £3,266,449
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Total Lot Size 9.60 AC

1 Lot Available

Lot

Price £3,266,449
Price Per AC £340,255
Lot Size 9.60 AC

9.6 acres of development land for sale (and/or for lease) directly across from Walmart Supercentre (fully leased) with municipal site plan approval obtained & many (8+) AAA retail brands in place who have agreed to lease terms.

zoning

Zoning Code Cr (Commercial)
Cr (Commercial)
  • Listing ID: 31887213

  • Date on Market: 22/05/2024

  • Last Updated:

  • Address: 17524 Highway 2, Quinte West, ON K8V 6M2

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