$999,000

Rarely does a property offer this much versatility in one package. Situated in a high-traffic location with direct Highway 11 exposure, this multi-use property combines commercial space, residential income, storage revenue, and waterfront frontage all within minutes of downtown Huntsville. The main building features a heated 2,000 sq. ft. workshop along with two additional garage spaces measuring approximately 840 sq. ft. and 440 sq. ft. The commercial portion is currently home to Intyre Electronic Recycling, operated by the property owner. Above and beyond the commercial component, the property includes six fully occupied residential apartments, providing steady rental income. Most tenants are currently on month-to-month agreements, with one unit operating under a yearly lease. Safety features throughout the building include a sprinkler system as well as interconnected smoke and carbon monoxide detectors in every unit. Adding even more value are 13 on-site storage units, including seven attached to the main structure and six additional units located in a separate outbuilding, creating strong potential for supplementary income streams. Set between Orchard Park and the Hunters Bay waterfront trail, the location offers easy pedestrian access into Huntsville's downtown core while also enjoying 38 feet of frontage on Hunters Bay, connected to Lake Vernon. For added peace of mind, a Phase 2 environmental assessment has already been completed with no concerns reported. Located in URS Zoning Precinct - Urban Shoreline Residential - it's present use is defined as Legal Non Conforming Use. (id:41202)