559 East River Road, New Glasgow, Nova Scotia B2H 3R8

Listed for:
$355,000
0 beds
0 baths
Listed 113 days ago
559 East River Road, New Glasgow, Nova Scotia B2H 3R8

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Listing provided by:
Turning Point Real Estate Limited
MLS® number:
202400946
Agent:
Robert Burrows
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About

Take exit 25 off of the Trans Canada 104, turn towards New Glasgow, follow East River Road until 559 is on the left. Proudly positioned on the bustling East River Road, the main artery of New Glasgow and one of the most high-traffic streets in the province outside of HRM, this distinguished commercial building presents an unparalleled opportunity for savvy investors or businesses. Spanning 2,000 square feet on the main level, this property boasts a prime corner lot location, ensuring maximum visibility and accessibility. The building has been very well maintained and updated, reflecting a professional and modern aesthetic that is sure to appeal to a variety of business ventures. Currently, the main floor is occupied by two tenants, adding immediate value and stability to your investment. A unique feature of this property is the expansive, unfinished basement. It offers a high ceiling and two walls that are already framed, presenting a blank canvas for a multitude of purposes. The space is ripe for transformation into additional commercial units, secure dry storage units ideal for businesses needing file storage, or even residential units as there is already existing plumbing, subject to relevant permissions. This flexibility offers a potential avenue to significantly increase the property?s income. This commercial building is not just a purchase but an investment in one of the most vibrant and growing areas of the province. Whether you're expanding your portfolio or establishing your presence in the community, this property offers the perfect blend of location, flexibility, and potential. (id:27476)

Property Highlights

Type
Cooling type
Heating fuel
Fireplace
No
Construction material
Parking space
Ownership Type
Freehold
Amenities nearby

Location

Summary

The ownership type of this property is Freehold.

Situated on the busy East River Road, a major thoroughfare in New Glasgow and one of the most heavily trafficked streets in the province outside of HRM, this distinguished commercial building presents an exceptional opportunity for astute investors or businesses. Covering 2,000 square feet on the main level, this property enjoys a prime corner lot location, ensuring maximum visibility and accessibility. The building has been meticulously maintained and updated, exuding a professional and modern aesthetic that is likely to appeal to a variety of business ventures. At present, the main floor is occupied by two tenants, adding immediate value and stability to your investment.

A notable feature of this property is the expansive, unfinished basement. With a high ceiling and two framed walls, it provides a blank canvas for a multitude of purposes. The space is ripe for transformation into additional commercial units, secure dry storage units suitable for businesses in need of file storage, or even residential units, as there is already existing plumbing, subject to relevant permissions. This flexibility offers a potential avenue to significantly increase the property’s income. This commercial building is not just a purchase, but an investment in one of the most vibrant and growing areas of the province. Whether you're expanding your portfolio or establishing your presence in the community, this property offers the perfect blend of location, flexibility, and potential.

This property is currently for sale and has a land size of 0.1416 acres. It is located at 559 East River Road in the city of New Glasgow, Nova Scotia, with a postal code of B2H3R8. It is situated in the community of New Glasgow.