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$ 749,900
Est. payment /mo
New
508 Coverdale Riverview, NB E1B3K4
3,600 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3600
Square Footage 3,600 sqft
Price per Sqft $208
MLS® Listing ID NB149482
Lot Size 0.283 Acres
Acres 0.28342986
Property Sub-Type Freehold
Property Description
TURN-KEY COMMERCIAL INVESTMENT | PRIME LOCATION | 3 ELECTRICAL METERS | MULTIPLE INCOME STREAMS. Great investment opportunities are hard to find this one is worth a closer look! Located on busy Coverdale Road in the heart of Riverview, this exceptional property offers excellent visibility and convenient access, next to a gas station, TD Bank, apartment buildings, and the Town of Riverview, and just minutes from the Honourable Brenda Robertson Bridge. The ground floor features two restaurant businesses: a pizza restaurant and an eat-in/take-out restaurant, with potential for a drive-through at one location, subject to municipal approval. With three separate electrical meters, utility management and tenant billing are made easier. One long-term commercial tenant covers major expenses, including property taxes, insurance, and utilities, helping reduce the owner's operating costs. Upstairs, a spacious 3-bedroom apartment with two separate entrances is currently rented for $1,750/month, providing additional rental income. The high-ceiling basement is currently used for storage, offering room to explore future possibilities, subject to applicable approvals. With established commercial tenancy, residential rental income, and a prime location surrounded by businesses and residential developments, this property offers an attractive opportunity for investors looking to expand their portfolios. Interested in the numbers? Contact me today to request the rent roll and income and expense statement, call your favorite REALTOR® and book your private showing to explore this investment opportunity firsthand! (id:24570)
Location
State NB
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters, Heat Pump,
Cooling Heat Pump
Exterior
Parking Features No
View Y/N No
Attached Garage No
Garage No
Private Pool No
Building
Lot Description Landscaped
Others
Ownership Freehold
Listed by Keller Williams Capital Realty
Nearby Locations