595 1st Street Hanover, Ontario N4N 3V8

$9,999,998

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. (id:19593)

Property Details

MLS® Number	40828006
Property Type	Industrial
Amenities Near By	Hospital, Schools
Communication Type	High Speed Internet
Community Features	Industrial Park
Features	Paved Driveway

Building

Basement Type	None
Exterior Finish	Metal
Fire Protection	Alarm System
Foundation Type	Poured Concrete
Stories Total	1
Size Exterior	48750.0000
Size Interior	48,750 Ft2
Utility Water	Municipal Water

Land

Access Type	Road Access
Acreage	Yes
Land Amenities	Hospital, Schools
Sewer	Municipal Sewage System
Size Depth	661 Ft
Size Frontage	392 Ft
Size Irregular	6.503
Size Total	6.503 Ac|5 - 9.99 Acres
Size Total Text	6.503 Ac|5 - 9.99 Acres
Zoning Description	M1

Utilities

Electricity	Available
Natural Gas	Available
Telephone	Available

https://www.realtor.ca/real-estate/29713239/595-1st-street-hanover