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$ 892,500
Est. payment /mo
New
5 NORFOLK Street N Simcoe, ON N3Y3N6
16,125 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 16,125 sqft
Price per Sqft $55
Subdivision Town Of Simcoe
MLS® Listing ID 40749232
Property Sub-Type Freehold
Source Cornerstone - Simcoe & District
Property Description
Seize a rare opportunity to own a cornerstone of downtown Simcoe's vibrant commercial landscape at 5 Norfolk Street North. This iconic 16,000 sq. ft. property, historically known as Budds Department Store for over 80 years (1930s–2016) and now operating as Clarence's Clearances, offers unmatched potential for visionary investors and entrepreneurs eager to shape the future of Norfolk County's downtown core. Strategically positioned on a high-traffic corner in the heart of Simcoe, this concrete and brick building features two expansive levels of approximately 7,000 sq. ft. each, with flexible C1 zoning that supports a wide array of commercial uses, including the potential to add a third floor for further development. The property is equipped with modern amenities, including gas forced air heating, two boilers, three separate meters for versatile tenant configurations, and an elevator (not functional) providing access to a newly upgraded flat roof with a $45,000 roof liner investment, ensuring durability and low maintenance. With its prominent location, this property benefits from exceptional visibility and accessibility, surrounded by a thriving community of shops, restaurants, and cultural amenities, including nearby Wellington Park and the Norfolk County Carillon Memorial Tower. The large square footage offers endless customization possibilities, whether for retail, office space, mixed-use residential development, or innovative ventures. All current inventory is negotiable, and one parking space is included. This is a prime opportunity for savvy investors to make a lasting impact on downtown Simcoe's growth and vitality. With its rich history and untapped potential, 5 Norfolk Street North is ready for a new chapter. Located just a short, scenic drive from all major cities in Southwestern Ontario, and close proximity to Norfolk's renowned beaches, marinas, golf courses, and seasonal farm fresh fruit/veggie stands. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Exterior
Parking Features No
Community Features High Traffic Area
View Y/N No
Private Pool No
Building
Story 1
Sewer Municipal sewage system
Others
Ownership Freehold
Virtual Tour https://youtu.be/vuhqBl9t8mw
Listed by RE/MAX ERIE SHORES REALTY INC. BROKERAGE