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$1,200,000
Est. payment /mo
5,215 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 5,215 sqft
Price per Sqft $230
Subdivision 323 - Victoria Hills
MLS® Listing ID 40756137
Year Built 1962
Lot Size 0.410 Acres
Acres 0.41
Property Sub-Type Freehold
Source Cornerstone - Waterloo Region
Property Description
Exceptional Freestanding Flex Commercial Building in Central Kitchener Welcome to 250 Lawrence Avenue, a rare opportunity to acquire a versatile commercial property in the heart of Kitchener. This single-storey, freestanding flex building offers approximately 5,215 SF of total space, including 4,450 SF of professional office/flex space and 765 SF of industrial warehouse, situated on a 0.410-acre site with EMP-1 zoning. Ideal for owner-occupiers or investors seeking stable income and long-term value. Property is currently leased under a triple-net lease until March 2026 while generating $60,000+ per annum in net income. The building features ample on-site parking for 14 vehicles, pylon signage, and a communications tower at the rear. Constructed in 1962 with additions in 1966, the building has been well maintained, including a new flat roof (2023) and updated vinyl siding. Interior finishes include ceramic tile, drywall, suspended ceilings, and a mix of forced air heating and cooling systems. The warehouse space includes a drive-in overhead door and natural gas heating. The site benefits from full municipal services and excellent access to arterial roads, public transit, and nearby amenities including hospitals, schools, and retail. Designated General Industrial Employment in the Official Plan, the property supports a wide range of permitted uses including office, warehouse, manufacturing, fitness, and more. This property offers a compelling blend of location, functionality, and investment potential. Don't miss this opportunity to secure a high-quality flex commercial asset in one of Kitchener's most accessible and established business districts. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Exterior
Parking Features No
Community Features High Traffic Area
View Y/N No
Total Parking Spaces 14
Private Pool No
Building
Story 1
Sewer Municipal sewage system
Others
Ownership Freehold
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Listed by Royal LePage Wolle Realty