Commercial Real Estate Opportunity in Colonsay
Description : 27 Oct, 2023
I am offering 1.48 acres mercial property in the town of Colonsay situated half way between Saskatoon and the new BHP mine at Janzen. This property is fenced with a 6' chain link fence and has two good buildings on it. In 1967, a two bay garage and restaurant was established. It ran for only a few years before closing. In 1976, the new owner built a 40' X 60' metal building and established a Massey Ferguson implement dealership. That 2400 square foot building has 16 foot side walls and an upgraded 14X20 ft overhead door. The implement business ran until closing in the late 90's. I bought the property in November 1999. At that time, I removed the fuel tanks and set up a project car business where I bought and sold vintage vehicle projects. I have retired and have decided to put the property up for sale. I pleted phase I and phase II Environmental Assessments and there is an issue that needs to be addressed. I am offering this property with two price points. If you are financing the purchase, most lenders require a clean environmental condition. I will accept $400,000.00 for the land and buildings and I plete the environmental remediation. If you are able to finance without the environmental remediation requirement or are able to pay cash, I will sell the land and buildings for $190,000.00. The new owner will not be required to do remediation as long as they own the property and as long as current environmental regulations are in place.. All utilities are on the property. The gas and water are shut off and would have to be reconnected. I have the electricity on currently. There is gas and electrical in the large shop but no water. The property is zoned mercial. Colonsay is a progressive town with a bank, restaurants, some small manufacturing and a large new Co-op fuel/grocery facility and fuel card lock right across the road from your new property. If you are looking for a busy location for your business, this offering might be of interest. Please call Rod at 306-978-0138 in Saskatoon. You can also call or text my cell at 306-221-7732. If you prefer, you can reply with your first and last name and a contact phone number. I will call you and will answer your questions. Thanks for looking.
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