NewFor Sale

89 Main Street
Cambridge, Waterloo, ON, N1R 1W1

Commercial Retail
TRREB
MLS® Number: X12271352
$4,999,900List Price
Commercial RetailProperty Type
37,404 sq ftSize
$33,797 / 2024Taxes (Annual)
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Property Location

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Listing History

Buy/sell history for 89 Main Street, Cambridge, ON N1R 1W1

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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.

Features

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Amenities

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Summary

Tax (Annual):$33,797 / 2024
Listing #:X12271352
Property Type:Commercial Retail
Building Age:51-99
Size:37,404 sq ft
Land Size:134.8 x 112.26
Days on CPRB:
Garage:None
Locker:None
On CPRB Since:
Listing Brokerage:CORCORAN HORIZON REALTY

Rooms

Details

Property

Property Type:Commercial Retail
Municipality:Waterloo

Building

Size:37,404 sq ft
Building Age:51-99

Inside

Bedrooms:0
Bathrooms:0
Kitchens:0
Family Room:No

Parking

Garage Type:None
Garage Spaces:0
Total Parking Spaces:0

Utilities

Cooling:Yes
Heating Type:Gas Forced Air Open

Land

Cross Street:Water St N

$4,999,900

List price

89 Main Street, Cambridge – Commercial Retail for sale · MLS® # X12271352 | CPRB