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$ 599,000
Est. payment | /mo
3,400 SqFt
$ 599,000
Est. payment | /mo
3,400 SqFt
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3400
Square Footage 3,400 sqft
Price per Sqft $176
MLS® Listing ID NB132058
Lot Size 1,798 Sqft
Acres 1798.0
Property Sub-Type Freehold
Property Description
Excellent opportunity to acquire a strong income-generating mixed-use property in the heart of Uptown Saint John. The property is currently tenanted with a restaurant occupying the first and second floors, generating $5,500/month in rent. The tenant is responsible for utilities (heat, power, water & sewer) and equipment maintenance, providing investors with a stable and attractive income stream. This 4-storey building offers approximately 1,700+ sq. ft. per level (approximate, to be verified). The first and second floors are zoned commercial, while the third and fourth floors are zoned residential, offering excellent potential for future residential development to increase overall returns. Any change of use or rezoning is subject to municipal approvals, allowing investors multiple long-term strategies. Situated on King Street in Uptown Saint John, this property benefits from a highly desirable urban location surrounded by major residential developments nearing completion. These projects are actively transforming the area, increasing population density, demand, and long-term property values. The property includes access and parking from Germain Street. Any chattels and/or equipment are to be confirmed in the Agreement of Purchase and Sale. secure a high-performing investment with immediate income and future upside in one of the most active growth corridors. Definitely worth a lookbook your showing appointment today. (id:24570)
Location
Province NB
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters
Flooring Hardwood
Exterior
Parking Features No
View Y/N No
Private Pool No
Building
Story 4
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by EXIT Realty Specialists
Nearby Locations
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