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$ 7,299,000
Est. payment /mo
New
2000 Rogers RD Perth, ON K7H 1P9
UPDATED:
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Subdivision 907 - Perth
MLS Listing ID X13232992
Annual Tax Amount $22,441
Tax Year 2025
Property Sub-Type Industrial
Property Description
2000 Rogers Road is a 73,440 SF freehold industrial building on 9.805 acres, offered at $7,299,000, a blended $99 per square foot, with a recently approved Business Park rezoning already in hand. Constructed in 1970, the building includes an approximately 5,000 SF office component, 16 to 18 ft clear heights, dual access from Rogers Road and South Street, and full municipal servicing.In 2025, the Town of Perth re-designated the property from Industrial to Business Park and rezoned it to C5-X, broadening the permitted uses to include professional offices, personal service, wellness, indoor storage, and small-scale food and beverage, while preserving full industrial use. With the rezoning complete, a purchaser can proceed directly to site plan. approval for a redevelopment, without the cost, timing, and uncertainty of a rezoning application.The pricing is built on two independent components: the 45,000 SF of tenanted space, capitalized at an 8.00% rate on $450,000 of in-place NOI for a value of $5,625,000; and the 28,440 SF vacant balance, offered at $75 per square foot, or $2,133,000. Together, the components imply $7,758,000 of value, against an asking price of $7,299,000.The vacant balance is the heart of the opportunity, giving the purchaser full optionality as an owner, operator, or investor. An owner-operator can occupy the space directly while the in-place tenant income offsets carrying costs; an investor can hold the asset for income and lease the balance on market terms. Either way, the space is turn-key and lease-ready, with no additional landlord work or capital required.Please do not go to the property without a tour confirmed in writing. Ask the listing agents for the Offering Memorandum. All measurements are approximate. Buyer to conduct independent due diligence and verify all measurements, zoning, income, and redevelopment potential to their own satisfaction.
Location
Province ON
County Lanark
Area Lanark
Zoning C5-X (site-specific Commercial / Business Park)
Interior
Cooling Partial
Exterior
Parking Features None
Utilities Available Available
Building
Lot Description Lot
Lited by ROYAL LEPAGE SIGNATURE REALTY