$4,100,000 Sale

Listed 161 days ago

620 Pictou Road

MLS® 202609618 Retail

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Beds · 0

Baths · 0.0

Parking · 0

Sqft · -

Est. mortgage

$15,554/mo

Key Facts

Key facts for 620 Pictou Road

Property Type

Commercial

Parking

Garage: No, 0 parking

MLS #

202609618

Size

Basement

Listed on

Lot size

Tax

Days on Market

Year Built

2020

Maintenance Fee

Description

Strategic Investment & Development Opportunity! Well-located high quality income producing commercial property situated in a high-traffic area within the expanding Valley/Truro growth corridor. The asset is 6 years young and secured by long-term 15 years leases with national tenants including McDona...lds and Parkland Fuel, providing stable in-place income and low operational complexity. The offering includes approximately 3 acres of land, with ~1 acre of surplus vacant land available for development. Flexible commercial zoning allows for a range of future uses, including self-storage, retail plaza, or mixed-use commercial. There is a massive, multi-phase housing development nearby. It is planned to bring roughly 2,300 to 2,500+ residential units to the area over the next 20 years. This will create a lot of needs for the commercials around the area and increase the value of the property over the years. This is a rare opportunity to own a high quality asset provides a combination of steady fixed income and future growth! (id:10452)

Full Property Details

Interior

Washrooms

0.0

Heating Source

Electric

Heating Type

Heat Pump

Air Conditioning

Heat Pump

Full Bathrooms

Half Bathrooms

Flooring Type

Other

Washrooms

0.0

Heating Source

Electric

Heating Type

Heat Pump

Air Conditioning

Heat Pump

Full Bathrooms

Half Bathrooms

Flooring Type

Other

Exterior

Acreage

3.0013 ac|3 - 10 acres

Parking Spaces

Garage Spaces Y/N

Land Amenities

Highway

Acreage

3.0013 ac|3 - 10 acres

Parking Spaces

Garage Spaces Y/N

Land Amenities

Highway

Building Description

Home Type

Commercial

Subtype

Retail

Year Built

2020

Water Supply

Drilled Well

Fire Protection

Alarm system, Monitored Alarm, Smoke Detectors, Sprinkler System-Fire

Home Type

Commercial

Subtype

Retail

Year Built

2020

Water Supply

Drilled Well

Fire Protection

Alarm system, Monitored Alarm, Smoke Detectors, Sprinkler System-Fire

Community

Valley

Area Code

Valley

Features

High Traffic Area

Community

Valley

Area Code

Valley

Features

High Traffic Area

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Marcel Gladu

Email: [email protected] Cell: 705-562-0789