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260 Centre St

50,829 SF Industrial Building Petrolia, ON N0N 1R0 $3,100,000 CAD ($61 CAD/SF)

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Investment Highlights

Large flat cleared fenced site, excellent laydown - exterior storage permitted
Building in good shape

Three entrances to the property enabling great truck traffic circulation and

Executive Summary

The building is 50,829 square feet located on 14.4 acres in an industrial park area in Petrolia with frontage on Centre Street and Discovery Line. Ideally located close to international Highways and great visibility on corner lot. Petrolia/Lambton County has large industrial base of businesses and workforce. M1 zoning allows for many industrial and commercial uses. The exterior walls were recladded, insulated and a new steel roof was installed approximately 10years ago. Lease for solar panels under contract with a third-party providing income to the owner. There are five ground level loading bays. Plenty of room for parking large equipment, laydown areas, and easy turn around space. There is some variation in ceiling height from 12 ft to 20 ft. The building is masonry construction. There are five offices. Property for lease or for sale. Lease price is $5.00 plus $2.50 operating. Seller open to some vendor take back financing.

Property Facts

Price	$3,100,000 CAD	Lot Size	14.40 AC
Price Per SF	$61 CAD	Rentable Building Area	50,829 SF
Sale Type	Investment or Owner User	No. Stories	1
Sale Conditions	Excess Land	Year Built	1957
Property Type	Industrial	Tenancy	Single
Property Subtype	Warehouse Industrial Distribution Industrial Manufacturing	Clear Ceiling Height	20 ft
Building Class	B	No. Drive In / Grade-Level Doors	5

Price	$3,100,000 CAD
Price Per SF	$61 CAD
Sale Type	Investment or Owner User
Sale Conditions	Excess Land
Property Type	Industrial
Property Subtype	Warehouse Industrial Distribution Industrial Manufacturing
Building Class	B
Lot Size	14.40 AC
Rentable Building Area	50,829 SF
No. Stories	1
Year Built	1957
Tenancy	Single
Clear Ceiling Height	20 ft
No. Drive In / Grade-Level Doors	5

Amenities

Fenced Lot

Security System

Air Conditioning

Fiber Optic Internet

Gas
Water
Sewer
Heating - Gas

1 of 1

zoning

Zoning Code	M1 (General Industrial (M1) Wide range of uses including light industrial, research and development, warehousing, truck transport terminal, lumber yard,)
M1 (General Industrial (M1) Wide range of uses including light industrial, research and development, warehousing, truck transport terminal, lumber yard,)