An exceptional industrial property in a prime Cambridge location, featuring a 13,790 sq ft building on 2.94 acres with M3 (General Industrial) zoning. The building contains 5 units and boasts 13.5 ft clear height and 8 grade-level shipping doors (11 ft), ideal for a variety of industrial uses. Concept plans suggest an additional 39,596 sf industrial building. Concept plans propose the addition of a 39,596 sq ft industrial building, unlocking further development potential. This offering presents strong near-term upside for investors or a strategic opportunity for owner-users. With easy access to major transportation routes, this property is well-positioned for businesses that service the surrounding Waterloo Region or GTA markets. In addition, the adjacent 11.88-acre industrial lot at 353 Elgin Street North is available for purchase, creating a larger-scale opportunity for expansion or future development.