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$3,200,000
Est. payment /mo
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 40729202
Annual Tax Amount $22,395
Property Sub-Type Commercial
Source Cornerstone
Lot Front 237.34
Property Description
Prime Development Land Opportunity – 4611 King Street East, Kitchener
This 1.823-acre site offers excellent redevelopment potential along King Street East, strategically positioned just off the HWY 401 interchange. With approximately 237 feet of frontage and zoned COM-3 (Arterial Commercial), the property permits a wide range of commercial uses including retail, drive-thru facilities, financial institutions, restaurants, hotels, offices, and more. The location is poised for significant growth, benefiting from planned Phase 2 of the ION LRT transit line connecting Kitchener-Waterloo to Cambridge, enhancing future mixed-use development opportunities. The surrounding area is primarily commercial, complemented by residential and industrial sectors, serving a strong local demographic with average household incomes of approximately $111,948 within a 3 km radius. Currently vacant and unimproved, this property represents a strategic acquisition for developers and investors seeking to capitalize on the robust growth and development trajectory of the Kitchener market.
This 1.823-acre site offers excellent redevelopment potential along King Street East, strategically positioned just off the HWY 401 interchange. With approximately 237 feet of frontage and zoned COM-3 (Arterial Commercial), the property permits a wide range of commercial uses including retail, drive-thru facilities, financial institutions, restaurants, hotels, offices, and more. The location is poised for significant growth, benefiting from planned Phase 2 of the ION LRT transit line connecting Kitchener-Waterloo to Cambridge, enhancing future mixed-use development opportunities. The surrounding area is primarily commercial, complemented by residential and industrial sectors, serving a strong local demographic with average household incomes of approximately $111,948 within a 3 km radius. Currently vacant and unimproved, this property represents a strategic acquisition for developers and investors seeking to capitalize on the robust growth and development trajectory of the Kitchener market.
Location
Province ON
County Waterloo
Area 3 - Kitchener West
Zoning COM-3
Direction King St E near the HWY 401 on/off ramp
Rooms
Kitchen 0
Interior
Fireplace No
Exterior
Utilities Available At Lot Line-Gas, At Lot Line-Hydro, Municipal to Lot Line
Lot Frontage 237.34
Garage No
Building
Lot Description Urban, High Traffic Area, Highway Access, Public Transit, Visual Exposure
Faces King St E near the HWY 401 on/off ramp
Sewer Sewer (Municipal)
Water Municipal
New Construction No
Others
Senior Community false
Tax ID 227331009
Ownership Freehold/None
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Listed by CUSHMAN & WAKEFIELD WATERLOO REGION LTD.
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