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12 Wallace ST Brockton, ON N0G 2V0
12,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 12,000 sqft
Price per Sqft $82
Subdivision Brockton
MLS Listing ID X12423365
Annual Tax Amount $8,615
Tax Year 2025
Property Sub-Type Commercial Retail
Lot Depth 400.0
Lot Front 30.0
Property Description
Investment opportunity with this 12,000 sq.ft. commercial complex, strategically located on 0.7 acres with dual access from Highway 9 and Wallace St in Walkerton. This property, zoned Highway Commercial and with 36 parking spaces, offers a compelling mix of stable income and significant potential. The tenanted spaces spanning 6,300 sq.ft., are occupied by long-term, tenants in good standing, generating immediate and reliable cash flow. The current occupancy, at approximately 50% of the building's capacity, already yields a stable 6% CAP rate.The ground floor 2600sqft space is a blank canvas, delivered vacant upon possession, presenting a unique opportunity to dramatically increase the property's income and value. This area is perfectly suited for a variety of uses, including medical clinics, professional offices, or specialized retail. Additional vacancy is a cafe/restaurant space. The potential to lease this vacant space offers a clear path to significantly boosting the property's CAP rate and overall return on investment.
Location
Province ON
County Bruce
Community Brockton
Area Bruce
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 30.0
Lot Depth 400.0
Others
Security Features No
Listed by Wilfred McIntee & Co Limited
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