872 Regent Street Fredericton, New Brunswick E3B 3Y8

$1,500,000

High visibility location on the Hill for this 4,400 square foot commercial building. With 2,400sq.ft of space on the main level, it can accommodate many uses such as large format day care, Medical Practice, Restaurant, Convenience Store (current use), Food service-take out. Zoned Local Commercial (LC). The new owner may have a use for the kitchen already present on the main floor. Upstairs is currently a 2,000sq.ft three bedroom apartment. Perhaps the new owner will have an owner occupant use for the second floor or decide to put in a tenant and generate rental income. Presently, the current owner resides in the apartment upstairs however a new owner may opt to generate income on that unit as well. Would make a smart investment for an owner occupant or strictly as an income generating property. Within walking distance to both Universities! Main floor potential revenue estimated at $5,000 per month plus HST for $60,000 annually and apartment estimated at $2,500 per month for $30,000 annual revenue. Separate heat pumps and electrical meters for each level so tenants could pay their own electrical. (id:42007)

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https://www.realtor.ca/real-estate/24013289/872-regent-street-fredericton