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548 Milford Road Saint John, New Brunswick E2M 4R7

Heat Pump Heat Pump

$564,000

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 $800. 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 and will only provided to interested parties that can provide proof of funds or a qualified letter from a commercial bank. Don't let this incredible opportunity slip away, give us a call or text. Seller may be willing to offer VTB! (id:42007)

Business

Business Type Retail and Wholesale
Business Sub Type General retail

Property Details

MLS® Number NB098947
Property Type Other
Equipment Type Water Heater
Rental Equipment Type Water Heater

Building

Cooling Type Heat Pump
Fireplace Present No
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/26849858/548-milford-road-saint-john

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