Exceptional opportunity to acquire a premier downtown Brockville corner (Sale is of Raw Land) with a Letter of Intent in place for a drive-thru development (terms subject to confidentiality). Details are available upon execution of an NDA. The LOI conditions are intended to run with the sale, and formal lease negotiations are underway. This offers a potential build-to-suit drive-thru restaurant opportunity with a major franchise tenant, subject to site plan approval and end-buyer development requirements. The Seller also owns an adjacent single-tenant property, and expanded acquisition opportunities may be considered. Location highlights: Key corner directly opposite Metro in downtown Brockville, less than one block to the Brockville Arts Centre, approximately 800 metres to Brockville City Hall, Immediate area momentum: adjacent rear lands recently developed with two multi-residential apartment buildings, approximately 500 metres to the recently approved Dailey Lot development (128 residential units). Further details cannot be disclosed without a signed NDA. Long Form of Lease for Tenant may be subject to first right of refusal to purchase by Tenant. (id:4069)
Address
260 KING STREET W
List Price
$598,500
Property Type
Retail
Type of Dwelling
Retail
Transaction Type
Sale
Area
Ontario
Sub-Area
Brockville
Floor Area
2,500 Sq. Ft.
Lot Size
0.457 Sq. Ft.
MLS® Number
X12695678
Listing Brokerage
RE/MAX RISE EXECUTIVES, BROKERAGE
Postal Code
K6V3S1
Zoning
MD
Features
Irregular lot size
