12 Wallace Street Brockton, Ontario N0G 2V0
$995,000
Investment opportunity with this 12,000 sq.ft. commercial complex, strategically located on 0.7 acres with dual access from Highway 9 and Wallace St in Walkerton. This property, zoned Highway Commercial and with 36 parking spaces, offers a compelling mix of stable income and significant potential. The tenanted spaces spanning 6,300 sq.ft., are occupied by long-term, tenants in good standing, generating immediate and reliable cash flow. The current occupancy, at approximately 50% of the building's capacity, already yields a stable 6% CAP rate.The ground floor 2600sqft space is a blank canvas, delivered vacant upon possession, presenting a unique opportunity to dramatically increase the property's income and value. This area is perfectly suited for a variety of uses, including medical clinics, professional offices, or specialized retail. Additional vacancy is a cafe/restaurant space. The potential to lease this vacant space offers a clear path to significantly boosting the property's CAP rate and overall return on investment. (id:63008)
Property Details
| MLS® Number | X12423365 |
| Property Type | Retail |
| Community Name | Brockton |
| ParkingSpaceTotal | 36 |
Building
| CoolingType | Fully Air Conditioned |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| SizeInterior | 12000 Sqft |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| SizeDepth | 400 Ft |
| SizeFrontage | 30 Ft |
| SizeIrregular | 0.712 |
| SizeTotal | 0.712 Ac |
| SizeTotalText | 0.712 Ac |
| ZoningDescription | C3 |
https://www.realtor.ca/real-estate/28905675/12-wallace-street-brockton-brockton
Glen G. Reay
Salesperson
105 Garafraxa St N.,
Durham, Ontario N0G 1R0
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September 24 2025 05:59:19
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