Incredible commercial property located in the heart of the New Minas business district, includes 3 PIDs including the main Saunders building - a two storey plus basement structure, plus the old home next door (distressed and currently not occupied), and the extra PID in the back used for additional parking. This property offers incredible potential as a combination commercial and residential operation. The main floor of the Saunders building could easily be one or multiple commercial/retail/office leased spaces, the second floor could be converted into residential units (probably 2 nice sized units, or three smaller ones). Basement could be converted into storage for tenants/lease-holders. The home next door (included in this purchase) could be extensively renovated for income units or torn down to make room for more parking. It may also be possible to expand the Saunders building upwards to dramatically increase revenue sources. (id:47423)
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Detailed Information
Amenities Nearby
Public Transit, Shopping
Community Features
High Traffic Area
Listing Contract Date
2024-07-30
Location Description
Highway 101, exit 12, right on New Minas Connector, right onto Commercial Street, destination on your left.
Municipal ID
55210215
Ownership Type
Freehold
Property Type
Retail
Transaction Type
For sale
Business
Business Type
Other, Other, Residential
Business Subtype
Professional office(s), Offices, Residential
Building
Age
89 years
Amenities
Air Conditioning, Living Accommodation
Construction Material
Concrete block, Wood frame
Flooring Type
Concrete, Wood
Total Finished Area
10437 sqft
Utility Water
Municipal water
Parking Spaces
Name
Spaces
Parking Space(s)
Visitor Parking
Land
Total Size
0.6183 acres
Amenities
Public Transit, Shopping
Disposition Features
Cleared
Size of Irregular Land
0.6183
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