An notable retail building is for sale at 2454 Yonge Street in midtown Toronto, currently housing Sporting Life Bikes & Boards as a single tenant. The bid date for interested parties is September 14 of this year.
The three-level corner commercial building boasts excellent visibility on Yonge Street with 38.5 feet of frontage, as well as expansive frontage on Roselawn Avenue. The 13,116 square foot building includes a ground floor of 4,303 square feet, a second floor with 4,408 square feet, and a basement level spanning 4,405 square feet. The lot size is 5,550 square feet, and the site includes seven valuable parking spaces.
Ceiling heights in the space are exceptional, with 12’11” on the main floor and 12’9” ceilings on the second level. Volume created makes the space appear even larger than it is.
The location is notable — it’s surrounded by some of Canada’s most established communities, with considerable discretionary income. As well, the population in the immediate area is growing substantially, and the area is well serviced by the Yonge Subway line and, in a few years, the Eglinton Crosstown LRT will intersect a few blocks to the south.
Almost 180,000 people live within a three kilometre radius of 2454 Yonge Street, and population is projected to grow by 4.2% between now and the year 2021. Average household income for the same area is estimated to be $192,922 annually, with impressive income growth of 15.5% between 2011 and 2016.
The bid date to acquire 2454 Yonge Street is Thursday, September 14, so interested parties are advised to act quickly. For more information, contact Arlin Markowitz, Senior Vice President at CBRE Toronto's Urban Retail Team, at 416-815-2374 or email: firstname.lastname@example.org.
Retail Insider will be occasionally profiling interesting retail spaces. For more information, contact Craig Patterson at: email@example.com.