On the Scene with Sandy Lavigne


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80 Prince William Saint John, New Brunswick E2L 2B3

$1,930,000

A wealth of potential in this uptown commercial building receiving a stable income from a couple of Saint Johns favourite spots. The ground floor is home to three leased commercial spaces generating $8700/month (you may know them as Java Moose, Juniper Lease until 2025 & Pub Down Under). Already constructed; a stunning penthouse suite and a pair of two bedroom apartments that come with a total of 2 parking spaces. Current rents are: Apt 3 vacant (expected rent $1750), Apt 4 $1750 (increase to $1800 Sept 1) and the Penthouse is being set-up for short-term rentals. TENANTS PAY POWER! The real treasure lies on the 2nd & 3rd floors, which have been gutted to the studs, with submitted permits and detailed construction plans already in place. Originally these floors were designed to house 7 apartments on each floor. However the potential is unlimited for a savvy developer. With a consistent income of $15,400/month while creating new opportunities on the 2nd and 3rd floor represents a sound investment, Come explore the possibilities of this incredible uptown building and discover the potential for greatness. Newly updated water main line from street to building! (id:42007)

Business

Business Type Restaurant
Business Sub Type Restaurant

Property Details

MLS® Number NB085088
Property Type Other
Equipment Type None
Rental Equipment Type None

Building

Exterior Finish Brick
Fire Protection Monitored Alarm
Fireplace Present No
Heating Fuel Oil
Roof Material Membrane
Roof Style Unknown
Total Finished Area 23128 Sqft

Land

Access Type Year-round Access
Acreage No
Size Irregular 8019.11
Size Total 8019.11 Sqft
Size Total Text 8019.11 Sqft

https://www.realtor.ca/real-estate/25412616/80-prince-william-saint-john

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