Lambton Shores, ON N0M2N0 140 ELIZABETH Street

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Presented By: STREETCITY REALTY INC.
  • MLS# X9348765
  • 10/17/2024
  • Request Tour
  • Request Info
  • SQFT • 50,001

Home Details

100% fully leased 50,000 sq warehouse/industrial property, with great triple net income! New 5-year NNN lease with international company. 8.3% cap rate on 5-year average net income! Carefree, hands off investment income. Property has been fully renovated with 3 warehouse buildings plus a new separate home office, all totaling 50,000 sq of leased space. Property sits on 5 acre lot with approx 4 acres of gravel storage yard. Ceiling heights from 17 feet 20 feet high. 12 new large overhead doors with auto openers. Drive-in and truck loading doors. New bright, high-bay LED lights throughout warehouse areas. 5 new gas furnaces. New 3 phase, 600-volt, 200 amp electrical. Excellent central location in heart of Southwestern Ontario, only 40 min to U.S. boarder at Sarnia. Halfway between London + Sarnia, 15 mins to hwy 402.
Presented By: STREETCITY REALTY INC.

Interior Features for 140 ELIZABETH Street

Bedrooms

Bedrooms

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)Yes
Clear Height Feet17
Clear Height Inches
Elevator?No
Fireplace Y/NNo
Heating Y/NNo

General for 140 ELIZABETH Street

Amps400
Attached Garage No
Building Area UnitsSquare Feet
Business TypeWarehouse
CityLambton Shores
CoolingNo
CountyLambton
Electric On Property Y/NNo
Garage Y/NYes
Heater TypeGas Forced Air Open
IndustrialAreaCodeSq Ft
Legal DescriptionPT LT 20-21 CONC3 AND PT LT 21 CONC 3, PARTS 1, 2 AND 3 PLAN
Lot Depth559.0
Lot Size UnitsFeet
ModificationTimestamp2025-04-10T19:47:43Z
New ConstructionNo
Occupancy TypeVacant
Property Attached Y/NNo
Property SubtypeIndustrial
Property TypeCommercial
Security FeaturesNo
Senior Community Y/NNo
SewerSanitary
Standard StatusActive
StatusPrice Change
Tax Annual Amount6602.87
Tax Assessed Value256000
Tax Year2023
UtilitiesYes
Virtual TourClick here
Waterfront Y/NNo

Exterior for 140 ELIZABETH Street

Building Area Total50001.0
DoubleManShippingDoors6
DriveInLevelShippingDoors8
Garage TypeIn/Out
GarageParkingSpaces4.00
GradeLevelShippingDoors10
RailNo
SpaNo
TruckLevelShippingDoors3

Additional Details

Zayd Hamamiyah

Realtor ®, BBA Hon.
Price $2,950,000
MLS#X9348765
List Date 10/17/2024
Property Type Commercial
Phone 289.816.2923
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Request Info
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