CAONHanoverHanover595 1St St
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595 1St St, Hanover, ON

House

For Sale

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000

MLS® 40828006

  • Key Facts
  • Description
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Key Facts

Type Industrial
Levels Commercial Sale
Size -
Garage 
Taxes $31,689
Days Active 1
Lot Size 
Approx. Age 
MLS® Number 40828006

Property Address: 595 1st St, Hanover, ON, N4N3V8

Average square foot calculated using Size range provided by listing agent.

Description

Exceptional industrial/commercial opportunity at 595 First Street in Hanover. This impressive multi-unit building offers approximately 48, 000 sq. ft. divided into 26 individual units, making it ideal for investors, owner-users, and businesses seeking flexible industrial space in Hanover's growing industrial corridor. Each unit features its own private washroom, separate man door entrance, overhead drive-in door, individually metered hydro and gas services, and open-span layout suitable for warehousing, manufacturing, trades, storage, service businesses, showroom, and industrial-commercial uses. The property is equipped with a powerful 3-phase electrical system designed to support modern industrial operations. Ample on-site parking is available for staff and customers, along with a shared loading dock to support shipping and receiving needs. The flexible design allows users to customize units to suit their business operations while offering excellent leasing potential for investors. A major highlight is the future upside potential. Ownership is currently working on a condominium conversion plan, creating the opportunity for future individual unit sales and additional investment flexibility. Investors can benefit from multi-tenant income while positioning for future resale opportunities, while owner-users can secure long-term space in a rapidly expanding market. Situated on a sizable site with room for future expansion and potential for an additional commercial building, this property offers rare growth potential in one of Ontario's emerging industrial markets. Excellent opportunity to acquire a versatile industrial asset with strong income potential, future condo conversion upside, and long-term value.Show Description
MLS® Number40828006
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age
BasementNone
DrivewayAsphalt
Garage Spaces
Heat
A/C
Heating Fuel

Extras

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595 1St St, Hanover, ON

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