17524 HIGHWAY 2 For Sale

Quinte West, K8V 6M2

$3,900,000

Description

Listed by MARINO LOCATIONS LIMITED.

5.486 acres of commercial development land for sale (and/or for lease) directly across from Walmart Supercentre (fully leased) with municipal site plan approval obtained & many (8+) AAA retail brands in place who have agreed to lease terms & are ready to sign formal leases directly with new owner for store openings in 2025 as part of this brand new 45,000 SF retail plaza including 4 coveted drive-thru buildings. Severance has been approved to separate this 5.486 acre parcel fronting Hwy 2 from the remaining southern 4.102 acre portion as per attached severance sketch, which can be completed within approximately 2 weeks. A confidentiality agreement must be signed before the tenants/financial terms of leases can be shared, followed by a data room with all due diligence items including enviro/geotechnical reports etc. The Seller would also consider a joint venture to work with another developer to construct this centre. Serious inquiries only - no sale assignments please. Vendor take back mortgages are available & subject to negotiation. Closing of Sale must occur by November 2024, so any conditional periods for due diligence must be completed within that timeframe.

Location

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  • Address: 17524 HIGHWAY 2
  • Neighborhood:
  • City: Quinte West
  • State: Ontario
  • Postal Code: K8V 6M2

Property Details

  • Property ID: X9253970
  • Property Price: $3,900,000
  • Style: Land, Designated
  • A/C: N
  • Basement: N
  • Taxes: $18,635.59 (2024)
  • Lot: 201.20x79.40 (Acres)

Property History

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Contact Manoj Kukreja

Sales Representative, Century 21 People’s Choice Realty Inc., Brokerage
(647) 576 - 2100