508 Coverdale,Riverview, NB E1B3K4
Riverview, NB E1B3K4
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:13843)
Details
| MLS # | NB149482 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 14 |
| Listing Provided By | Keller Williams Capital Realty | Ngoc-Nu Mai |
Features
| SQ Feet | 3,600 |
|---|---|
| Acreage | 0.28 |
Interior
| Cooling | Heat Pump |
|---|---|
| Heating | Heat Pump, Baseboard heaters, Electric |
| Fireplace Yes / No | No |
Taxes
| Tax Annual Amount | 13911.47 |
|---|
Area Information
| Province | NB |
|---|---|
| City | Riverview |
| Postal Code | E1B3K4 |
| Listing VS Median (in E1B3K4) | |
Price: $749,900 low | high Med: $749,900 sqft: 3,600 low | high Med: 3,600 $ / sqft: $208 low | high Med: $208 On site: 14 low | high Med: 14 | |
Request a showing
Request a showing
Contact
Learn More About This Property
| Province | NB |
|---|---|
| City | Riverview |
| Postal Code | E1B3K4 |
| Listing VS Median (in E1B3K4) | |
Price: $749,900 low | high Med: $749,900 sqft: 3,600 low | high Med: 3,600 $ / sqft: $208 low | high Med: $208 On site: 14 low | high Med: 14 | |