36-40 Court Street Edmundston, New Brunswick E3V 1S3
$1,395,000
Step into the thriving heart of Edmundston with this exceptional commercial property offering endless possibilities for savvy investors. With over 20,300 square feet of finished floor area, this 2-story building boasts a distinctive aluminum siding exterior and a striking brick front that exudes curb appeal. Featuring 6 commercial rental sections and 2 residential apartments, this property is a cash flow dynamo. The solid lease agreements for 3 of the commercial spaces ensure a steady income stream. The land area of 20,925 square feet provides a few parking spaces. The unfinished basement, suitable for storage rentals, presents an additional revenue opportunity. While this property offers immense potential, please be aware that the tar and gravel roof will require replacement. Additionally, there is some water infiltration in the basement during the springtime. These factors have been considered in the pricing and represent an opportunity for improvement. Don't miss out on this rare chance to invest in a high-potential commercial property in the bustling heart of Edmundston. Call today for more information and to schedule a viewing! **Please take note that all current tenants are remaining in the building. (id:35613)
Business
| Business Type | Other |
| Business Sub Type | Offices |
Property Details
| MLS® Number | NB091800 |
| Property Type | Office |
| Equipment Type | None |
| Rental Equipment Type | None |
Building
| Constructed Date | 1955 |
| Cooling Type | Air Conditioned |
| Exterior Finish | Aluminum Siding, Brick |
| Fire Protection | Monitored Alarm, Smoke Detectors |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters |
| Roof Material | Tar & Gravel |
| Roof Style | Unknown |
| Total Finished Area | 20330 Sqft |
Land
| Access Type | Year-round Access, Road Access |
| Acreage | No |
| Size Irregular | 20925 |
| Size Total | 20925 Sqft |
| Size Total Text | 20925 Sqft |
| Zoning Description | C1 |
https://www.realtor.ca/real-estate/26060468/36-40-court-street-edmundston
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December 15 2023 06:14:09
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