1045 REGIONAL ROAD 1 ROAD, Norfolk

$1,299,000

For sale: Other

Other at 1045 REGIONAL ROAD 1 ROAD, Norfolk
Property type
Industrial
MLS®
MLS® X13541046
Neighbourhood
Rural Charlotteville

The Most Prime Location! Rare commercial opportunity featuring a licensed Auto Recycling Business situated on 2.7 acres with a rare Salvage Yard License. Currently operating as a salvage yard, this exceptional property offers a unique investment opportunity with multiple permitted commercial uses, including salvage yard, municipal sanitary landfill, and public utility yard. One of the few licensed motor vehicle salvage yards available in the area, making this a highly desirable offering for investors and owner-operators alike. The property includes three buildings designed for efficient operations. The main 2,400 sq. ft. concrete and metal building features 3 bay doors, 12-foot ceilings, and is equipped with 3 hoists for mechanical operations. The second building offers 1,826 sq. ft. with 3 bay doors, providing additional workspace and operational flexibility. The third building consists of 714 sq. ft. with 1 bay door, ideal for storage or support uses. The business is fully equipped with 2 hoists, an auto cycle car crusher, a Volvo BM 4WD heavy-duty front-end loader, machinery, and some inventory, all of which are negotiable, allowing the new owner to continue operations with minimal interruption. The 2.7-acre site provides ample land for expansion and future development. Commercial zoning offers flexibility for a variety of permitted uses, enhancing the long-term value of this investment. Ideally located on busy Highway #1, McDowell Rd East, Simcoe, with excellent visibility, strong exposure, and easy access. Directions: Green Corners, east of the intersection of Regional Road 10 and 9th. Easy to show. Motivated Seller. Rare opportunity to acquire one of the few licensed, rarely offered motor vehicle salvage yards in the area.

Sold data

Homes in Norfolk — recent sold market

Homes in Norfolk took a median of 45 days to sell over the last 90 days, with the quickest quarter selling within 20 days and the slowest quarter taking more than 79, across 138 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 65 days.

The median sale price was $612,500.

Homes sold for about 3.3% below asking on average, so there was room to negotiate.

About 9% of sales closed above the list price.

Around 33% of sellers reduced their price before finding a buyer.

Median days to sell
45
Median sale price
$612,500
Sale-to-list ratio
96.7%
Sold above asking
9%

Based on 138 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.

Currently for sale

Homes for sale near 1045 REGIONAL ROAD 1 ROAD