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- LoopNet Team
438 Rickard Rd
Clarington, ON L1C 6X6
Land For Sale
·
20.60 AC
INVESTMENT HIGHLIGHTS
- Good Buy/Hold - designated "Employment Lands" in Region of Durham Official Plan
- low operating costs - 2024 projected expenses $11,809
- multiple revenue streams - 2024 projected revenues $194,000
- 1,273 feet frontage on Highway 401
PROPERTY FACTS
DESCRIPTION
20.6 acres designated "Employment Lands" in the Region of Durham 2023 Official Plan. Features 1,273 feet frontage on north side of Hwy 401 west of Hwy 35/115 Interchange. See attached K-4 Farms projected 2024 Revenue & Expense Report showing $183,000 annual net income based on multiple revenue streams from: long term lease with communication tower company, well established (1996) recreational vehicle storage business, legal non-conforming residential duplex w/out-buildings, and 12 KVW Micro Fit Producer. MPAC Assessment Code 221 - Farm with residence - with commercial/industrial operation. Well maintained duplexed farmhouse. Easy access to Hwy 401, Hwy 2, and Hwy 35/115. Seller will consider VTB with substantial downpayment. Buyer responsible for completing own due diligence. ALL APPOINTMENTS THRU LISTING AGENT: Jim Abernethy, Broker 905-261-7788.
