3365 Culp Road
Lincoln, L0R 2E0
FOR SALE
$1,699,000

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Investment
CATEGORY33,000 Sq Ft
TOTAL AREAX12059545
MLSIDContact Us
Property Description
High-Yield Commercial Opportunity: Revitalized Plaza, Maximum Flexibility!Unlock Immediate Value & Future Growth: This meticulously renovated, single-story commercial plaza offers 10,580 sq ft of prime retail space on a sprawling 33,000 sq ft lot, just 3km from the QEW. Capitalize on strategic location and RUC-2 zoning, allowing for diverse tenant possibilities: daycare, veterinary, specialty retail, and more.Key Investment Highlights:Complete Revitalization: Benefit from recent upgrades including new framing, drywall, insulation, exterior cladding, and re-graveled floors, minimizing future capital expenditures.Six Individual Gas Meters: Streamline tenant billing and maximize operational efficiency.Subdivision Potential: Divide into up to 6 separate units, creating multiple income streams and increasing tenant flexibility.Strategic QEW Access: Leverage unparalleled visibility and accessibility for a high-traffic location.Versatile Unit Configuration: Two existing units (4,089 & 6,491 sq ft) offer immediate rental potential.RUC-2 Zoning Advantage: Tap into a wide range of permitted uses, attracting diverse and stable tenants.Expansive Land Parcel: 33,000 sq ft lot provides potential for future expansion or development.Investment Analysis:This property presents a unique opportunity to acquire a fully rejuvenated asset with significant income potential. The recent upgrades, coupled with the subdivision capability, offer investors the chance to maximize returns and attract a diverse tenant base. The strategic QEW location ensures consistent traffic, making this a highly desirable commercial destination.
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Property Details
Address
3365 Culp Road
Community
City
Postal Code
L0R 2E0
Property Type
Investment, Investment
Days On Market
25
Use
Retail
Zoning
RUC-2 (Rural Commercial)
Lot Size
173' x 189'
Total Area
33,000 Sq Ft
Office Area
400 Sq Ft
Retail Area
4,000 Sq Ft
Industrial Area
6,000 Sq Ft
Taxes
$21,000 (2024
Heat Type
Gas Forced Air Closed
Water
Municipal
Garage Type
None
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Listing contracted with Homelife/Romano Realty Ltd.
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