5 NORFOLK Street N

Property Description

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. Flexible CG zoning permitting a wide range of commercial uses. A substantial investment was previously made in the flat roof system, including a roof liner upgrade. Downtown Simcoe continues to benefit from residential growth, tourism, and business investment, creating an opportunity for the next owner to make a meaningful contribution to the community while unlocking the property's future value. Potential uses may include retail, office, mixed-use development, residential conversion (subject to approvals), or other innovative commercial ventures. Located within 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:61819)