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381-387 Mapleview Drive W Barrie, Ontario L4N 9G4

3 Bathroom 5153 sqft
Fully Air Conditioned Forced Air Acreage

$2,275,000

Unlock Prime Redevelopment Potential in Barrie's Booming South End. Now available for $2,275,000! 381-387 Mapleview Drive W. offers a rare office investment opportunity with immediate income and long-term upside. Featuring two fully leased office buildings on 0.665 acres with 179' of frontage on Mapleview Drive W., this site currently generates enough income to garner a potential 5.5% cap rate and boasts flexible C4 zoning that allows for many different uses. New Official Plan and draft Zoning designates the property as "Neighbour Area" & "Neighbourhood Commercial" positioning it for future redevelopment in one of Barrie's fastest-growing corridors. Located just west of Essa Road and steps from the Salem Secondary Plan, surrounded by major residential expansion and infrastructure improvements, this property wont last long. View the full brochure to review the investment case. Seller willing to sign headlease and lease back - subject to rental terms and rates (to be negotiated), or provide immediate or planned future vacant possession, at Buyers request and necessity. (id:48303)

Business

BusinessType Other
BusinessSubType Professional office(s)

Property Details

MLS® Number S12146182
Property Type Office
Community Name Holly
AmenitiesNearBy Highway, Public Transit
Features Irregular Lot Size
ParkingSpaceTotal 25

Building

BathroomTotal 3
Age 31 To 50 Years
CoolingType Fully Air Conditioned
HeatingFuel Natural Gas
HeatingType Forced Air
SizeInterior 5153 Sqft
Type Offices
UtilityWater Municipal Water

Land

Acreage Yes
LandAmenities Highway, Public Transit
SizeDepth 189 Ft
SizeFrontage 179 Ft ,3 In
SizeIrregular 665
SizeTotal 665 Ac
SizeTotalText 665 Ac
ZoningDescription C4 (sp-334)

https://www.realtor.ca/real-estate/28307848/381-387-mapleview-drive-w-barrie-holly-holly

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Sutton Group Incentive Realty Inc.
241 Minet's Point Road, 100153
Barrie, Ontario L4N 4C4

Sutton Group Incentive Realty Inc.
241 Minet's Point Road, 100153
Barrie, Ontario L4N 4C4

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