Discover a prime future development opportunity on the frontage of this 51.55-acre farm property, situated on the South side of Blenheim. Boasting approximately 680 feet of frontage along Chatham Street South, the A1 zoned property currently exhibits a Highway Commercial planning designation overlay, with strong potential for rezoning the front portion—to a depth of about 85 meters (278 feet)—for Highway Commercial use. This presents an ideal location for a custom-built retail or service plaza, capitalizing on high-visibility roadside exposure. The land is presently configured with approximately 42.5 acres of tillable soil more or less, currently planted with corn for the season (note: the current crop is excluded from the sale). Investors will appreciate the proven long-term value of farmland holdings near urban growth areas, offering stability and appreciation potential. Additionally, buyers may explore opportunities for aggregate extraction on-site, adding further versatility to this asset. This transaction will be structured as a share purchase of the holding corporation and offers to be submitted on the seller provided letter of intent. (id:4069)
Address
247 Chatham STREET South
List Price
$1,250,000
Property Type
Agriculture
Transaction Type
Sale
Area
Ontario
Sub-Area
Blenheim
Lot Size
681 ft Frontage / 51.55 AC Sq. Ft.
MLS® Number
25023879
Listing Brokerage
ROYAL LEPAGE PEIFER REALTY Brokerage
Postal Code
N0P1A0
Zoning
A1
