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40 Frankford Cres 14,752 SF 100% Leased Retail Building Trenton, ON K8V 4L2 $1,088,534 USD ($73.79 USD/SF)
Executive Summary
Commercial multi-unit investment opportunity featuring 15 units in total, including 14 commercial units and 1 residential unit, totaling approximately 14,752 sqft. The property is currently occupied by commercial tenants and offers separate hydro metering for each unit. Zoned SM-1, with a rezoning process currently underway to allow for the conversion of the entire building into residential units. During the construction process following rezoning approval, the building is expected to allow for continued mixed-use occupancy until the residential conversion is completed (subject to applicable approvals and requirements). A great opportunity for investors, commercial landlords, or developers looking to acquire an income-producing property with future residential redevelopment potential.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
14,752 SF
Building Class
C
Year Built
1980
Price
$1,088,534 USD
Price Per SF
$73.79 USD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.35
Lot Size
0.98 AC
Zoning
SM-1 - Service Industrial Exception 1 Zone
Parking
38 Spaces (2.58 Spaces per 1,000 SF Leased)
Frontage
266’ on Frankford Crescent
Amenities
- Signage
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Nearby Major Retailers
1 of 2
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40 Frankford Cres
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