12082 Hwy 12, Coldwater. This 20.792 acres plot of Commercial C4 Zoned land for is for sale in Coldwater for $2,600,000.
It is located at the Coldwater highway exit and backs onto Hwy 400, making it a great location to develop a service centre or plaza. Self storage is also a permitted use.
The property is mostly treed and mostly flat. There is an old house on the property, however it is a tear down. The town of Coldwater is nearby, and is growing as a new subdivision is in the midst of being built.
The seller has done a considerable amount of due diligence to get the property ready for a developer to take over. An Environmental Impact Study (EIS) has been completed and an agreement with the MTO is in place for the development of the property. There have been many talks with the township about the properties potential.
The site is made up of 3 separate properties all adjacent to each other. The seller may consider selling off the south parcel separately from the other two, so please inquire on options. 3 parcels make up the total of 20.792 acres.
We believe the highest and best use is a service centre next to the highway exit, with the balance of the land being developed into self storage, though many options exist.
Taxes are $29,800 / 2022 and frontage is 1641.34.
Please get in touch for due diligence package and marketing brochure.