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25-33 Commercial Street Middleton, Nova Scotia B0S 1P0

$800,000

Exceptionally well-maintained and profitable income property in downtown Middleton, Nova Scotia. The property consists of two prime street-level commercial spaces, six residential 2nd floor rental units, and town-maintained parking for 25+ vehicles. Sale includes four PIDs (05081526, 05300181, 05300199, 05081591) with frontage on school street; potential for building lot may exist. All units have an excellent tenancy record, including long-term leases for the commercial units, and the entire building has been well-maintained/modernized over the years. Roof recently replace. A/C & alarm systems recent. Furnaces recent + fibreglass oil tanks 2017. Sump pumps 2015. Much exterior paint 2019. Unit 1 residential fully gutted/renovated 2020-2021. Most residential units have fresh paint & other misc upgrades. Potential to continue renovations to the remaining 5 units as tenants move out, and raise rent. Fire alarm systems inspected 2020+/-. Electric heat to upstairs, oil down. Town water/sewer. Current business tenants are Subway & Dollar Store; locked in for long-term leases. This is a turn-key investment opportunity with guaranteed income from the outset. Excellent capitalization rate. HST applicable. Seller to retain ROW for parking of four vehicles to benefit PID # 05081534. Desired closing Feb 28, 2022. (id:45851)

Business

Business Type Retail and Wholesale, Residential
Business Sub Type Shopping center, Residential

Property Details

MLS® Number 202115892
Property Type Retail
Community Name Middleton
Amenities Near By Highway, Public Transit, Shopping

Building

Amenities Air Conditioning
Constructed Date 1941
Construction Material Concrete Block
Fire Protection Monitored Alarm, Smoke Detectors
Flooring Type Wood, Other
Total Finished Area 10604 Sqft
Utility Water Municipal Water

Parking

Parking Space(s)
Paved Yard

Land

Access Type Highway Access
Acreage No
Land Amenities Highway, Public Transit, Shopping
Size Irregular 23,245 Sq Ft
Size Total Text 23,245 Sq Ft|1/2 - 1 Acre

https://www.realtor.ca/real-estate/23360024/25-33-commercial-street-middleton-middleton


Calvin Gough

(902) 824-4996
RE/MAX Banner Real Estate
.
Windsor To Yarmouth, Nova Scotia B0S 1P0

www.remaxbanner.com

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