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:47423)
Interested in obtaining the full price history for this property? Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
Detailed Information
Equipment
None
Municipal ID
35137934
Ownership Type
Freehold
Property Type
Office
Rental Equipment
None
Transaction Type
For sale
Zoning Description
C1
Business
Business Type
Other
Business Subtype
Offices
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
Total Size
20925 square feet
Access Type
Year-round access, Road access
Size of Irregular Land
20925
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