5 Norfolk Street N new Save Request In-Person Tour Request Virtual Tour
Simcoe,ON N3Y 3N6
Key Details
Property Type Commercial
Sub Type Retail,Building and Land
Listing Status Active
Purchase Type For Sale
Square Footage 16,125 sqft
Price per Sqft $55
MLS Listing ID 40749232
Abv Grd Liv Area 16,125
Annual Tax Amount $18,400
Property Sub-Type Retail,Building and Land
Source Simcoe
Property Description
Seize a rare opportunity to own a cornerstone of downtown Simcoe's vibrant commercial landscape at 5 Norfolk Street North. This iconic 16,000 sq. ft. property, historically known as Budds Department Store for over 80 years (1930s–2016) and now operating as Clarence's Clearances, offers unmatched potential for visionary investors and entrepreneurs eager to shape the future of Norfolk County's downtown core. Strategically positioned on a high-traffic corner in the heart of Simcoe, this concrete and brick building features two expansive levels of approximately 7,000 sq. ft. each, with flexible C1 zoning that supports a wide array of commercial uses, including the potential to add a third floor for further development. The property is equipped with modern amenities, including gas forced air heating, two boilers, three separate meters for versatile tenant configurations, and an elevator (not functional) providing access to a newly upgraded flat roof with a $45,000 roof liner investment, ensuring durability and low maintenance. With its prominent location, this property benefits from exceptional visibility and accessibility, surrounded by a thriving community of shops, restaurants, and cultural amenities, including nearby Wellington Park and the Norfolk County Carillon Memorial Tower. The large square footage offers endless customization possibilities, whether for retail, office space, mixed-use residential development, or innovative ventures. All current inventory is negotiable, and one parking space is included.
This is a prime opportunity for savvy investors to make a lasting impact on downtown Simcoe's growth and vitality. With its rich history and untapped potential, 5 Norfolk Street North is ready for a new chapter. Located just a short, scenic drive from all major cities in Southwestern Ontario, and close proximity to Norfolk's renowned beaches, marinas, golf courses, and seasonal farm fresh fruit/veggie stands.
Location
Province ON
County Norfolk
Area Town Of Simcoe
Zoning C1
Direction Corner of HWY 24 and Argyle
Rooms
Basement Full
Kitchen 0
Interior
Fireplace No
Exterior
Lot Frontage 80.17
Garage No
Building
Lot Description Business Centre,City Lot,High Traffic Area,Hospital
Faces Corner of HWY 24 and Argyle
Story 1
Foundation Poured Concrete
Sewer Sewer (Municipal)
Water Municipal
Structure Type Brick
New Construction No
Others
Senior Community No
Tax ID 502290018
Ownership Freehold/None
Virtual Tour https://youtu.be/Q-B1UzIy6dk