548 Milford Road Saint John, New Brunswick E2M 4R7
$569,000
Looking for a TURN KEY investment opportunity in a high traffic area? This strip mall with ample parking is the only multi unit commercial property in Milford, located on the way to the newly developed Dominion Park. You can continue to run the well established convenience store, change it to another business, lease it or you can divide the large space into more rental units. The possibilities are endless... All this while earning a steady income from the other three rental units and a large parcel of land for future development. Whether you're a seasoned investor or a newcomer to commercial real estate, this property promised substantial returns and long term growth potential. The potential rent for Snackers $3500. Unit 1 $1500. Unit 2 $1000. Unit 3 $900. Expenses SJE 9600, SJW 1800, INS 3000, Maint 1860. This would give a cap of approx 10%!! For financials for Snackers, NDA must be signed. Don't let this incredible opportunity slip away, give us a call or text. Seller may be willing to offer VTB! (id:27750)
Business
| Business Type | Retail and Wholesale |
| Business Sub Type | General retail |
Property Details
| MLS® Number | NB096244 |
| Property Type | Other |
| Equipment Type | Water Heater |
| Rental Equipment Type | Water Heater |
Building
| Cooling Type | Heat Pump |
| Heating Fuel | Electric |
| Heating Type | Heat Pump |
| Roof Material | Tar & Gravel |
| Roof Style | Unknown |
| Total Finished Area | 2800 Sqft |
Land
| Acreage | No |
| Size Irregular | 34649 |
| Size Total | 34649 Sqft |
| Size Total Text | 34649 Sqft |
https://www.realtor.ca/real-estate/26559148/548-milford-road-saint-john
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April 03 2024 06:01:51
Saint John Real Estate Board Inc
Century 21 All Seasons Realty