595 1ST Street

ActiveHanover · Hanover92 days on marketMLS® X13093930

$9,999,998

$208 / sq ft

Bedrooms0

Bathrooms0

Interior48,000 sq ft

TypeCommercial

ListingFor Sale

Days on Market92

About this property

Exceptional industrial/commercial opportunity at 595 First Street in Hanover. This impressive multi-unit building offers approximately 48,000 sq. ft. divided into 26 individual units, making it ideal for investors, owner-users, and businesses seeking flexible industrial space in Hanover's growing industrial corridor. Each unit features its own private washroom, separate man door entrance, overhead drive-in door, individually metered hydro and gas services, and open-span layout suitable for warehousing, manufacturing, trades, storage, service businesses, showroom, and industrial-commercial uses. The property is equipped with a powerful 3-phase electrical system designed to support modern industrial operations. Ample on-site parking is available for staff and customers, along with a shared loading dock to support shipping and receiving needs. The flexible design allows users to customize units to suit their business operations while offering excellent leasing potential for investors. A major highlight is the future upside potential. Ownership is currently working on a condominium conversion plan, creating the opportunity for future individual unit sales and additional investment flexibility. Investors can benefit from multi-tenant income while positioning for future resale opportunities, while owner-users can secure long-term space in a rapidly expanding market. Situated on a sizable site with room for future expansion and potential for an additional commercial building, this property offers rare growth potential in one of Ontario's emerging industrial markets. Excellent opportunity to acquire a versatile industrial asset with strong income potential, future condo conversion upside, and long-term value.

Features & finishes

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Air Conditioning

Basement

Property details

MLS® Number	X13093930
Status	Active
Listing Type	For Sale
Property Type	Commercial
Interior Size	48,000 sq ft
Beds / Baths	0 bed · 0 bath
Neighbourhood	Hanover
City	Hanover
Postal Code	N4N 3V8
Province	ON
Listed Date	May 7, 2026
Days on Market	92
Price per Sq Ft	$208
Brokerage	COLDWELL BANKER THE REAL ESTATE CENTRE