595 1st Street, Hanover, ON N4N 3V8

  • $9,990,000
595 1st Street, Hanover, ON N4N 3V8
Active For Sale
595 1st Street, Hanover, ON N4N 3V8
595 1st Street, Hanover, ON N4N 3V8
  • $9,990,000

Overview

Property ID: HZX9512526
  • Industrial, Commercial Sale
  • Property Type
  • 48000
  • Sqft

Description

Welcome to a remarkable commercial building in Hanover, Ontario that features 26 separate rental units, each thoughtfully designed with its own bathroom, a man door, and an overhead door. This versatile space is wide open, making it ideal for a variety of business ventures. The building boasts a robust 3-phase electrical system, ensuring it meets the demands of modern enterprises. Each unit is equipped with its own hydro and gas meters, providing tenants with independent utility management. Ample parking is available for both tenants and customers, along with a conveniently shared loading dock for easy deliveries. Additionally, this property presents exciting expansion potential, with room for an additional commercial building. The current owner is actively working on a condo conversion plan, which would allow for the individual sale of each unit in the future. Don’t miss this rare opportunity to invest in a flexible commercial property with significant growth potential.

  • Address 595 1st Street
  • City Hanover
  • State/county ON
  • Zip/Postal Code N4N 3V8

Details

Updated on October 26, 2024 at 3:18 pm
  • Property ID: HZX9512526
  • Price: $9,990,000
  • Property Size: 48000 Sqft
  • Garage Size: x x
  • Property Type: Industrial, Commercial Sale
  • Property Status: Active, For Sale

Additional details

  • Utilities: Available
  • Sewer: Sanitary Available
  • Cooling: Yes
  • County: Grey County
  • Property Type: Commercial Sale

Mortgage Calculator

$32,123,884.53
Monthly
  • Down Payment $1,498,500.00
  • Loan Amount $8,491,500.00
  • Monthly Mortgage Payment $72,301.19
  • Property Tax $24,975,000.00
  • Home Insurance $83.33
  • PMI $7,076,250.00
  • Monthly HOA Fees $250.00
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