9,600 sqft
Fully Air Conditioned
Forced Air
Acreage
$5,500,000
Rare opportunity to acquire a substantial income-generating property situated on 2.85 acres of land in Cambridge. Featuring an existing building of approximately 10,800 sq. ft., the property is **zoned M5 (with site-specific zoning provisions)** and currently generates approximately **$20,000 in monthly rental income** from multiple tenants. An excellent opportunity for investors seeking an established income-producing asset with significant land area and potential for future value enhancement, The property offers a combination of existing rental income, substantial building space and a large landholding, making it an attractive addition to an investment portfolio.**The property is being sold in as-is condition.** Buyers are encouraged to conduct their own due diligence regarding zoning, permitted uses, building condition, leases, rental income and future development potential. Don't miss this opportunity to acquire a substantial commercial investment property in Cambridge. (id:55499)
Property Details
|
MLS® Number
|
X14140690 |
|
Property Type
|
Industrial |
|
Features
|
Irregular Lot Size |
Building
|
Cooling Type
|
Fully Air Conditioned |
|
Heating Type
|
Forced Air |
|
Size Interior
|
9,600 Sqft |
|
Utility Water
|
Municipal Water |
Parking
Land
|
Acreage
|
Yes |
|
Sewer
|
Sanitary Sewer |
|
Size Frontage
|
548 Ft ,6 In |
|
Size Irregular
|
2.85 |
|
Size Total
|
2.85 Ac |
|
Size Total Text
|
2.85 Ac |
|
Zoning Description
|
M5 |
https://www.realtor.ca/real-estate/30470176/292-elgin-street-n-cambridge