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Tabitha Rourke

[email protected] +1(519) 496-4219

Listed by William Dejong • Coldwell Banker The Real Estate Centre

$ 9,999,998

Est. payment -/mo

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Active

595 1st Street Hanover, ON N4N 3V8

48,750 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Building and Land

Listing Status Active

Purchase Type For Sale

Square Footage 48,750 sqft

Price per Sqft $205

MLS Listing ID 40828006

Abv Grd Liv Area 48,750

Annual Tax Amount $31,688

Lot Size 6.503 Acres

Acres 6.503

Property Sub-Type Building and Land

Source Cornerstone

Property Description

Exceptional industrial/commercial opportunity at 595 First Street in Hanover. This impressive multi-unit building offers approximately 48,000 sq. ft. divided into 26 individual units, making it ideal for investors, owner-users, and businesses seeking flexible industrial space in Hanover's growing industrial corridor. Each unit features its own private washroom, separate man door entrance, overhead drive-in door, individually metered hydro and gas services, and open-span layout suitable for warehousing, manufacturing, trades, storage, service businesses, showroom, and industrial-commercial uses. The property is equipped with a powerful 3-phase electrical system designed to support modern industrial operations. Ample on-site parking is available for staff and customers, along with a shared loading dock to support shipping and receiving needs. The flexible design allows users to customize units to suit their business operations while offering excellent leasing potential for investors. A major highlight is the future upside potential. Ownership is currently working on a condominium conversion plan, creating the opportunity for future individual unit sales and additional investment flexibility. Investors can benefit from multi-tenant income while positioning for future resale opportunities, while owner-users can secure long-term space in a rapidly expanding market. Situated on a sizable site with room for future expansion and potential for an additional commercial building, this property offers rare growth potential in one of Ontario's emerging industrial markets. Excellent opportunity to acquire a versatile industrial asset with strong income potential, future condo conversion upside, and long-term value.

Location

Province ON

County Grey

Area Hanover

Zoning M1

Direction Heading north on Grey Rd. 10/10th Avenue, turn right onto 11th Avenue. Follow to 14th avenue & turn right. Turn left onto 1st Street. Destination is on the right.

Rooms

Basement None

Kitchen 0

Interior

Interior Features High Speed Internet

Fireplace No

Exterior

Exterior Feature Dock Height Loading, Dock Levellers, Grade Loading, Storage

Parking Features Asphalt

Garage Description 71

Utilities Available Electricity Connected, Natural Gas Connected, Recycling Pickup, Street Lights, Phone Connected

Lot Frontage 392.0

Lot Depth 661.0

Garage No

Building

Lot Description Rectangular, Ample Parking, City Lot, Hospital, Industrial Park, Schools

Faces Heading north on Grey Rd. 10/10th Avenue, turn right onto 11th Avenue. Follow to 14th avenue & turn right. Turn left onto 1st Street. Destination is on the right.

Story 1

Foundation Poured Concrete

Sewer Sewer (Municipal)

Water Municipal

Structure Type Metal/Steel Siding

New Construction No

Others

Senior Community No

Tax ID 372110962

Ownership Freehold/None

Tabitha Rourke

Broker

+1(519) 496-4219

Tabitha Rourke

595 1st Street Hanover, ON N4N 3V8

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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595 1st Street