160 Main Street Fredericton, New Brunswick E3A 9N6
$399,900
An outstanding opportunity awaits with this versatile commercial property, seamlessly blending retail or business space with three separate residential rental units. Ideal for investors seeking both immediate income and long-term appreciation, this building offers a strategic advantage with multiple revenue streams in a desirable, high-traffic location. Situated in a high-traffic area with excellent visibility and easy access to major transportation links, this property attracts steady foot traffic and is well-suited for various businesses. The ground-floor commercial unit, currently a hair salon, features an adaptable layout, making it ideal for a variety of businesses, whether retail, office, or specialty services. The open design provides an inviting atmosphere that can easily be customized to meet tenant needs. Separate from the commercial space are three 1 bed/1 bath spacious and well-maintained residential units, each with a private entrance, providing consistent rental income. The apartments are currently occupied, ensuring a stable cash flow for the investor. With rental income from commercial and residential tenants, this property offers financial stability and security, reducing reliance on just one revenue source. Current rental incomes are Unit A - $650/m, Unit B - $800/m (1bed), Unit C - $650/m, hair salon - Shelly - $1000/m. HST applicable on the commercial unit. (id:55272)
Property Details
| MLS® Number | NB108572 |
| Property Type | Other |
| AmenitiesNearBy | Shopping |
| EquipmentType | Water Heater |
| Features | Visual Exposure |
| RentalEquipmentType | Water Heater |
Building
| HeatingFuel | Electric |
| HeatingType | Baseboard Heaters |
| TotalFinishedArea | 2740 Sqft |
Land
| AccessType | Year-round Access |
| Acreage | No |
| LandAmenities | Shopping |
| SizeIrregular | 641 |
| SizeTotal | 641 M2 |
| SizeTotalText | 641 M2 |
| ZoningDescription | Cor-1 |
https://www.realtor.ca/real-estate/27606715/160-main-street-fredericton
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Dave Watt
Salesperson
2b-288 Union Street
Fredericton, New Brunswick E3A 1E5
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November 01 2024 06:19:57
Saint John Real Estate Board Inc
The Right Choice Realty