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$1,499,000
Est. payment /mo
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Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
MLS® Listing ID 26025307
Property Sub-Type Freehold
Property Description
Commercial real estate delivers stable, scalable returns through strong income potential, longer lease terms, and lower management intensity. This institutional-grade asset in the core of Windsor is ideally located steps from Windsor Regional Hospital. Prime downtown parking lot generating approx. $10,900/month, anchored by AAA institutional tenancy including Windsor Regional Hospital and Windsor-Essex County Health Unit. Two new 3-year leases commencing in 2026 include built-in annual rent escalations, providing immediate income growth and increasing returns, with potential for longer-term extensions. Zoned CD3.2 and CIP permitting commercial/mixed-use development including residential, with potential heights up to approx. 55M (buyer to verify). Phase 1 & 2 environmental reports complete. Rare opportunity offering strong cash flow, minimal management requirements, and exceptional redevelopment potential in a high-demand downtown location. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Exterior
Parking Features No
View Y/N No
Attached Garage No
Garage No
Private Pool No
Building
Sewer Unknown
Others
Ownership Freehold
Virtual Tour https://youtu.be/st_UpgH72-8
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Listed by REMAX CARE REALTY