5 Norfolk Street N Simcoe, Ontario N3Y 3N6

$699,000

Power of Sale opportunity in the heart of downtown Simcoe. Welcome to 5 Norfolk Street North, a prominent commercial building offering approximately 16,000+ sq. ft of space on a high-visibility corner in Norfolk County's downtown core. Formerly home to the well-known Budds Department Store and more recently Clarence's Clearances, this landmark property presents a rare opportunity for investors, developers, entrepreneurs, and community-minded visionaries. Priced to reflect the work required, the property is being sold as-is, where-is under Power of Sale. While some improvements and updating are needed, the building offers tremendous potential for those looking to restore, repurpose, or redevelop a substantial downtown asset. Constructed of concrete and brick, the building features approximately 7,000+ sq. ft. on the main level and over 5,000 sq' below grade. Located within Simcoe's Central Business District (CBD Zoning), offering a variety of permitted downtown commercial uses. Buyers should complete their own due diligence regarding intended future use. A substantial investment was previously made in the flat roof system, including a roof liner upgrade. Walking distance of shops, restaurants, services, Wellington Park, and the Norfolk County administration centre, and only a short drive to Pt Dover, Turkey Point, marinas, golf courses, wineries, and Lake Erie's north shore attractions. Downtown Simcoe continues to benefit from residential growth, tourism, and business investment, creating an opportunity for the next owner to contribute to the community while unlocking the property's future value. (id:50787)

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https://www.realtor.ca/real-estate/29859510/5-norfolk-street-n-simcoe