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89 Main Street Image 1

$5,500,000

May 28Commercial Retail For Sale
bedroomsbed
washrooms0bath
MLS - #X12179198

89 Main Street, Cambridge, ON N1R 1W1

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Average Price
550000000.0%
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Property Description

Property type

Commercial Retail

Lot size

N/A

Style

Approx. Area

N/A

About 89 Main Street

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.

Home Overview

Last updated

Jun 7

Virtual tour

None

Basement information

Building size

37404

Status

In-Active

Property sub type

Commercial Retail

Maintenance fee

$N/A

Year built

2025

Listed by CORCORAN HORIZON REALTY

Additional Details

Basement:N/A
Cooling:Yes
Heating:Gas Forced Air Open
Parking Features:N/A

MORTGAGE INFO

ESTIMATED PAYMENT

$0 Principal and Interest
$0 Property Taxes

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