421 Victoria Avenue E, Thunder Bay, ON, P7C 1A6

$1,099,000

MLS® # TB253382

Commercial For Sale In Simpson-Ogden, Thunder Bay, Ontario

$1,099,000

Property Information:

Exceptional value-add redevelopment opportunity at 421-425 Victoria Avenue East, a substantial commercial property strategically positioned in the transitional urban core of Thunder Bay, Ontario. This offering consists of a single-story, 14,990 sq.ft. building on a 15,300 sq.ft. corner lot. . The property features a significant advantage for a new owner: approximately 40% of the building is finished and operating as an anchor pharmacy and clinic, a critical first phase that de-risks the investment. The remaining 60% of the structure, where redevelopment has paused, is partitioned and ready for a new vision, offering a clear path for an investor to create significant value by completing the space for complementary commercial uses and capitalizing on a revitalizing downtown market.

Property Features:

  • Annual Tax Amount: $25,670
  • Access: Municipal Road
  • Basement: Unfinished, Partial
  • Exterior Finish: Brick, Concrete Block
  • Heating Source: Electric, Natural Gas
  • Lot Depth: 100 Feet Feet
  • Lot Frontage: 153 Feet
  • Property Size: 0.0 - 0.49 Acres
  • Services Available: Bus Service, Cable, High Speed Internet, Hydro, Natural Gas, Street Lights, Telephone
  • Sewer/Septic: Sewer
  • Water/Well: Municipal Water
  • Heating Type: Baseboard, Forced Air

Courtesy of: Royal LePage Lannon Realty

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