$4,100,000

Strategic Investment & Development Opportunity! Well-located high quality income producing commercial property situated in a high-traffic area within the expanding Valley/Truro growth corridor. The asset is 6 years young and secured by long-term 15 years leases with national tenants including McDonalds and Parkland Fuel, providing stable in-place income and low operational complexity. The offering includes approximately 3 acres of land, with ~1 acre of surplus vacant land available for development. Flexible commercial zoning allows for a range of future uses, including self-storage, retail plaza, or mixed-use commercial. There is a massive, multi-phase housing development nearby. It is planned to bring roughly 2,300 to 2,500+ residential units to the area over the next 20 years. This will create a lot of needs for the commercials around the area and increase the value of the property over the years. This is a rare opportunity to own a high quality asset provides a combination of steady fixed income and future growth! (id:64343)

Business

Business Type	Other
Business Sub Type	Other

Property Details

MLS® Number	202609618
Property Type	Retail
Community Name	Valley
Amenities Near By	Highway
Community Features	High Traffic Area

Building

Amenities	Air Conditioning
Constructed Date	2020
Construction Material	Concrete Walls
Cooling Type	Heat Pump
Fire Protection	Alarm System, Monitored Alarm, Smoke Detectors, Sprinkler System-fire
Flooring Type	Other
Total Finished Area	5732 Sqft
Utility Water	Drilled Well

Parking

Parking Space(s)
Paved Yard

Land

Access Type	Highway Access
Acreage	Yes
Land Amenities	Highway
Land Disposition	Cleared
Size Irregular	3.0013
Size Total	3.0013 Ac
Size Total Text	3.0013 Ac

https://www.realtor.ca/real-estate/29697382/620-pictou-road-valley-valley