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
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
June 22 2021 04:56:09
Nova Scotia Association of REALTORS®
RE/MAX Banner Real Estate