50
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$5,500,000
Est. payment /mo
37,404 SqFt
New
89 Main ST Cambridge, ON N1R 1W1
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Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 37,404 sqft
Price per Sqft $147
MLS Listing ID X12179198
Building Age 51-99
Annual Tax Amount $33,797
Tax Year 2024
Property Sub-Type Commercial Retail
Property Description
Prime Investment Opportunity 89 Main St, Cambridge! Located in the heart of downtown Cambridge, 89 Main St presents a fantastic investment opportunity with high potential for strong returns. This well-maintained property offers a total of 37,404 sq ft, with 33,176 sq ft of leasable space, including a 6,064 sq ft large open basement that was previously used as a public recreational and entertainment space ideal for creative re-use or tenant customization. The building was fully renovated and updated when it was acquired, including upgrades to major building systems. At that time, it was thoughtfully converted into a multi-tenant retail property, offering multiple commercial units with strong retail exposure. This setup is ideal for investors seeking to diversify their portfolio or establish a steady rental income stream. Anchored by two nationally recognized brand-name tenants on long-term leases, this property ensures stability and consistent cash flow. Positioned in a high-exposure, high-foot-traffic area, the building enjoys excellent visibility on one of the city's most vibrant and traveled streets. With an excellent cap rate and a highly competitive cost per square foot, this property stands out as a smart, value-driven acquisition. Surrounded by established businesses, restaurants, and amenities, its perfectly situated to attract both tenants and customers. Don't miss out on this rare opportunity to own a commercial gem in one of Cambridges most sought-after locations.
Location
Province ON
County Waterloo
Area Waterloo
Interior
Cooling Yes
Exterior
Community Features Public Transit
Utilities Available Yes
Lot Frontage 134.8
Lot Depth 112.26
Others
Security Features Yes
Listed by CORCORAN HORIZON REALTY