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Est. payment /mo
2 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Land
Listing Status Active
Purchase Type For Sale
Square Footage 2 sqft
Subdivision Port Hope
MLS Listing ID X13701678
Annual Tax Amount $24,852
Tax Year 2025
Property Sub-Type Land
Property Description
Power of Sale land opportunity consisting of approximately 2.1 acres of serviced commercial-industrial land with an approximately 10,000 sq. ft. industrial shed remaining. Following fires in 2024 and 2026, the Municipality took control of the demolition and site-cleanup process. The former approximately 55,000 sq. ft. main building has been demolished, and the property is now being marketed primarily for its land and redevelopment value.The property carries a Service Employment designation supporting potential uses such as warehousing, light industrial, manufacturing, cold storage, service commercial, recreational and certain retail-related employment uses, subject to municipal approvals. Convenient access to Highway 401.Through the Port Hope Area Initiative Project, the Municipality has committed $156,575 toward the required site works, which will be assigned to the new owner. The new owner will receive the funds in accordance with the project agreement, with payments tied to the commencement and completion of the applicable works. Supporting municipal agreements and documentation are available for review.The Vendor advises that all outstanding municipal charges, fines or related amounts levied against the property taxes will be cleared by the Vendor from the sale proceeds and will not be assumed by the purchaser.Offered on an "as is, where is" basis. Vendor's Schedule A must accompany all offers. Vendor financing is available, subject to acceptable terms and purchaser qualification. Purchasers must complete their own due diligence regarding zoning, servicing, environmental matters, redevelopment potential, the municipal payment, the remaining structure and heritage status. Vendor is motivated and open to reasonable offers.
Location
Province ON
County Northumberland
Area Northumberland
Zoning Emp 2 - Service Employment
Interior
Cooling No
Exterior
Utilities Available None
Lot Frontage 114.0
Lot Depth 565.0
Others
Security Features Yes
ParcelsYN No
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Listed by CUBECOM COMMERCIAL REALTY INC.
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