25-33 Commercial Street Middleton, Nova Scotia B0S 1P0
$800,000
Exceptionally well-maintained and profitable income property in downtown Middleton, Nova Scotia. The property consists of two prime street-level commercial spaces, six residential 2nd floor rental units, and town-maintained parking for 25+ vehicles. Sale includes four PIDs (05081526, 05300181, 05300199, 05081591) with frontage on school street; potential for building lot may exist. All units have an excellent tenancy record, including long-term leases for the commercial units, and the entire building has been well-maintained/modernized over the years. Roof recently replace. A/C & alarm systems recent. Furnaces recent + fibreglass oil tanks 2017. Sump pumps 2015. Much exterior paint 2019. Unit 1 residential fully gutted/renovated 2020-2021. Most residential units have fresh paint & other misc upgrades. Potential to continue renovations to the remaining 5 units as tenants move out, and raise rent. Fire alarm systems inspected 2020+/-. Electric heat to upstairs, oil down. Town water/sewer. Current business tenants are Subway & Dollar Store; locked in for long-term leases. This is a turn-key investment opportunity with guaranteed income from the outset. Excellent capitalization rate. HST applicable. Seller to retain ROW for parking of four vehicles to benefit PID # 05081534. Desired closing Feb 28, 2022. (id:45911)
Business
Business Type | Retail and Wholesale, Residential |
Business Sub Type | Shopping center, Residential |
Property Details
MLS® Number | 202115892 |
Property Type | Retail |
Community Name | Middleton |
Amenities Near By | Highway, Public Transit, Shopping |
Building
Amenities | Air Conditioning |
Constructed Date | 1941 |
Construction Material | Concrete Block |
Fire Protection | Monitored Alarm, Smoke Detectors |
Flooring Type | Wood, Other |
Total Finished Area | 10604 Sqft |
Utility Water | Municipal Water |
Parking
Parking Space(s) | |
Paved Yard |
Land
Access Type | Highway Access |
Acreage | No |
Land Amenities | Highway, Public Transit, Shopping |
Size Irregular | 23,245 Sq Ft |
Size Total Text | 23,245 Sq Ft|1/2 - 1 Acre |
https://www.realtor.ca/real-estate/23360024/25-33-commercial-street-middleton-middleton
Interested?
Contact us for more information

Colin Crowell
(902) 825-2288
www.colincrowell.com
https://www.facebook.com/colincrowellrealtor/
https://www.linkedin.com/in/colin-crowell-89aa1141?trk=hp-identity-name
https://twitter.com/colincrowellbba

.
Windsor To Yarmouth, Nova Scotia B0S 1P0

Calvin Gough

.
Windsor To Yarmouth, Nova Scotia B0S 1P0