This brand new light industrial opportunity is ideal for expanding your portfolio with this 4.09 acre site in Cobourg's, Lucas Point Industrial Park. This 40,000 sq ft (Phase 1) pre-finished metal industrial building has site plan approval and is construction ready pending permits. Current owner willing to lease back up to 15000 sq ft and provide a VTB up to 95% under certain terms and conditions for approved buyers. The site is pre-approved for additional 18,000 sq ft building (Phase 2), with the potential of up to 10 - 1800 sq ft units. Phase 1 construction will include much of the site prep for Phase 2 minimizing future buildout costs. Whether you are looking to accommodate your existing business or expand your real estate investment holdings, this property may be a great fit. Easy access to the 401. Projected Phase 1 completion is late 2024.