Sold $3,400,000.00 Asking Price - Land View Property Brochure
4611 King Street East, Kitchener | Development Land Opportunity
LOCATION
The Property is located on King Street East, just beyond the on/off ramp for HWY 401. The immediate area around the Property is predominately commercial properties, with both residential and industrial uses in the surrounding area. The Property is well positioned to draw customers from around the Region as it is located directly off HWY 401.
DEVELOPMENT POTENTIAL
The subject Property is designated COM-3 (Arterial Commercial). This corridor along King Street East will see Phase 2 of the ION LRT from Kitchener-Waterloo to Cambridge. Two properties, 4396 King Street East and 4220 King Street East, along this corridor are going through Official Plan amendments to rezone from COM-3 to Mixed Use. Given Phase 2 of the ION LRT is planned to go through this section of King Street East coupled with 2 other properties that are going through Official Plan amendments, the Property is well situated for a mixed-use development.
SITE/PROPERTY DESCRIPTION
The total site area of the Property is 1.823 acres with 237.00 feet of frontage on King Street East. The property is currently vacant and unimproved.
For more information, please contact:
Bob Vrenjak | Sales Representative, Senior Vice President
Fraser Vrenjak | Sales Representative, Senior Vice President
Benjamin Bach | Sales Representative, Vice President
As a market leader, Cushman & Wakefield Waterloo Region offers a full range of commercial real estate brokerage services to property owners, tenants and buyers serving Waterloo, Kitchener, Cambridge, Guelph and on a regional, national and international level. The depth of knowledge and experience of our commercial brokerage team enables us to complete a single transaction as easily as a multiple-building acquisition.
Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $5 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit Our Services or follow us on Linkedin.
