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$1,300,000
Est. payment /mo
23,128 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 23,128 sqft
Price per Sqft $56
MLS® Listing ID NB121646
Lot Size 8,019 Sqft
Acres 8019.11
Property Sub-Type Freehold
Source New Brunswick Real Estate Board
Property Description
**ACCEPTED OFFER** A wealth of potential in this uptown commercial building receiving a stable income from a couple of Saint Johns favourite spots. The ground floor is home to three leased commercial spaces generating $8700/month (you may know them as Java Moose, Juniper Lease until 2025 & Pub Down Under). Already constructed; a stunning penthouse suite and a pair of two bedroom apartments that come with a total of 2 parking spaces. Current rents are: Apt 3 vacant (expected rent $1750), Apt 4 $1750 (increase to $1800 Sept 1) and the Penthouse is being set-up for short-term rentals. TENANTS PAY POWER! The real treasure lies on the 2nd & 3rd floors, which have been gutted to the studs, with submitted permits and detailed construction plans already in place. Originally these floors were designed to house 7 apartments on each floor. However the potential is unlimited for a savvy developer. With a consistent income of $15,400/month while creating new opportunities on the 2nd and 3rd floor represents a sound investment, Come explore the possibilities of this incredible uptown building and discover the potential for greatness. Newly updated water main line from street to building! (id:24570)
Location
Province NB
Rooms
Kitchen 0.0
Exterior
Parking Features No
View Y/N No
Private Pool No
Others
Ownership Freehold
Virtual Tour https://mls.ricoh360.com/ef594757-8321-40d1-90c4-2da5b47e413d
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Kevin Scharfenberg
Personal Real Estate Corporation | License ID: 180491
Personal Real Estate Corporation License ID: 180491