South Street, and full municipal servicing.In 2025, the Town of Perth re-designated the property from Industrial to Business Park and rezoned it to C5-X, broadening the permitted uses to include professional offices, personal service, wellness, indoor storage, and small-scale food and beverage, while preserving full industrial use. With the rezoning complete, a purchaser can proceed directly to site plan. approval for a redevelopment, without the cost, timing, and uncertainty of a rezoning application.The pricing is built on two independent components: the 45, 000 SF of tenanted space, capitalized at an 8.00% rate on $450, 000 of in-place NOI for a value of $5, 625, 000; and the 28, 440 SF vacant balance, offered at $75 per square foot, or $2, 133, 000. Together, the components imply $7, 758, 000 of value, against an asking price of $7, 299, 000.The vacant balance is the heart of the opportunity, giving the purchaser full optionality as an owner, operator, or investor. An owner-operator can occupy the space directly while the in-place tenant income offsets carrying costs; an investor can hold the asset for income and lease the balance on market terms. Either way, the space is turn-key and lease-ready, with no additional landlord work or capital required.Please do not go to the property without a tour confirmed in writing. Ask the listing agents for the Offering Memorandum. All measurements are approximate. Buyer to conduct independent due diligence and verify all measurements, zoning, income, and redevelopment potential to their own satisfaction. (id:62783)