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526-534 East River Road, New Glasgow NS

$ 1,290,000
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Commercial Building for Sale in New Glasgow

Overview

  • Updated On:
  • July 19, 2021

Property Description

Located on busy East River Road, this property features two strip centre style buildings with retail and office uses. All units in excellent condition. Large parking area with accessibility from East River Road, Granville and Frederick Streets. Perfect investment property or an owner occupied use with additional Tenancy.

 

Summary
Asking Price $ 1,290,000
Gross Building Area 3,900 sq ft. +/-
4,225 sq ft. +/-(Two buildings)
Land Area 22,108 sq ft.

 

Tenancy                                      Size                   Monthly Rent      Term Expiry
Co-operators Insurance          1,425 sq. ft.       $ 1,750.00            Nov 30, 2022
John Howard Society              1,600 sq. ft.       $ 2,500.00          April 15, 2022
John Howard Society              1,300 sq. ft.       $ 1,300.00          May 31, 2024
The Medicine Shop                  1,500 sq. ft.       $ 2,420.00          August 31, 2024
Community Hearing                1,200 sq. ft.       $ 1,725.00           September 30, 2025
RA Douglas                                1,000 sq. ft.       $ 750.00             Month-Month
Vacant
(Liberal Election Use               1,500 sq. ft.        $ 3,000.00        Temporary
Temp, July –Oct)
Basement Level  – Vacant

 

Annual Gross Rent:        $ 161,340
Annual Expenses:           $ 45,183
Net Operating Income: $ 116,157

Documents
Property Id : 2668
Price: $ 1,290,000
Other Features
Bathroom on site
Close to all amenities
Exterior building signage
Good anchor tenant
High visibility
On public transport route
Parking on-site
Private & secure

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Peter Constable

Associate Vice President: Retail-Commercial Real Estate Group

Contact Me

Schedule a showing?
Call 902.753.7009 WhatsApp

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Peter Constable