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Stratford,ON N5A 7K4
Key Details
Property Type Commercial
Sub Type Retail,Building and Land
Listing Status Active
Purchase Type For Sale
Square Footage 59,150 sqft
Price per Sqft $83
MLS Listing ID 40712319
Annual Tax Amount $131,768
Lot Size 0.300 Acres
Property Sub-Type Retail,Building and Land
Property Description
Exceptional investment opportunity in the heart of Downtown Stratford comprised of a prestigious 3-storey mixed-use commercial heritage building known as "Festival Square", offering 39,379 SF of leasable area (excluding the basement) and is situated at one of the City's busiest downtown intersections, ensuring high visibility and foot traffic. The property boasts a diverse mix of 11 existing tenants, occupying a significant portion of the above-grade space, providing positive in-place cash flow, while offering upside potential through the leasing of vacant units and the opportunity for residential conversion.
Location
Province ON
County Perth
Area Stratford
Zoning Central Commercial (C3)
Rooms
Kitchen 0
Exterior
Utilities Available Electricity Connected,Garbage/Sanitary Collection,Street Lights,Phone Connected
Building
Lot Description Irregular Lot,City Lot,High Traffic Area,Highway Access,Public Transit,Visual Exposure
Story 3
Sewer Sewer (Municipal)
Water Municipal
Structure Type Brick
New Construction No