89 Main St,Cambridge, ON N1R
Cambridge, ON N1R
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.
Details
| MLS # | X12179198 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | New |
| Days On Site | 24 |
| Listing Provided By | CORCORAN HORIZON REALTY | X12179198 247700 |
Features
| SQ Feet | 37,404 |
|---|---|
| Acreage | 0.86 |
Interior
| Cooling | Yes |
|---|
Exterior
| Community Features | Public Transit |
|---|
Taxes
| Property | 33797 |
|---|
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Learn More About This Property
| Province | ON |
|---|---|
| Region | Waterloo |
| City | Cambridge |
| Postal Code | N1R |
| Listing VS Median (in N1R) | |
Price: $5,500,000 low | high Med: $850,000 SqFt: 37,404 low | high Med: 4,203 $ / SqFt: $147 low | high Med: $288 On site: 24 low | high Med: 31.000000 | |