Investment Opportunity to own busy retail plaza with high traffic exposure on Bayfield Street. Excellent retail and restaurant tenants. Site offers a 4.5% return with triple net leases. Opportunity for redevelopment: As of 2023 the new Official Plan for the City of Barrie has rezoned the site as intensification with no maximum density, with the proviso that one must replace 75% of the existing retail in the new development. Purchaser required to perform own due diligence. Confidentiality Agreement for further information available upon request. Listing Agent has an indirect interest in ownership of property.
Property Features
- Date Listed: Tuesday, January 16, 2024
- City: Barrie
- Neighborhood: Bayfield
- Major Intersection: Bayfield/Livingston
- Full Address: 500 Bayfield Street, Barrie, L4M 5A2, Canada, Ontario, Canada
- Listing Brokerage: C.D.P. Real Estate Limited - Disclaimer: The information contained in this listing has not been verified by C.D.P. Real Estate Limited and should be verified by the buyer.
