TURN-KEY COMMERCIAL INVESTMENT | PRIME LOCATION | 3 ELECTRICAL METERS | MULTIPLE INCOME STREAMS. Great investment opportunities are hard to find this one is worth a closer look! Located on busy Coverdale Road in the heart of Riverview, this exceptional property offers excellent visibility and convenient access, next to a gas station, TD Bank, apartment buildings, and the Town of Riverview, and just minutes from the Honourable Brenda Robertson Bridge. The ground floor features two restaurant businesses: a pizza restaurant and an eat-in/take-out restaurant, with potential for a drive-through at one location, subject to municipal approval. With three separate electrical meters, utility management and tenant billing are made easier. One long-term commercial tenant covers major expenses, including property taxes, insurance, and utilities, helping reduce the owner's operating costs. Upstairs, a spacious 3-bedroom apartment with two separate entrances is currently rented for $1,750/month, providing additional rental income. The high-ceiling basement is currently used for storage, offering room to explore future possibilities, subject to applicable approvals. With established commercial tenancy, residential rental income, and a prime location surrounded by businesses and residential developments, this property offers an attractive opportunity for investors looking to expand their portfolios. Interested in the numbers? Contact me today to request the rent roll and income and expense statement, call your favorite REALTOR® and book your private showing to explore this investment opportunity firsthand! (id:4069)
Address
508 Coverdale
List Price
$749,900
Property Type
Other
Transaction Type
Sale
Area
New Brunswick
Sub-Area
Riverview
Floor Area
3,600 Sq. Ft.
Lot Size
1147 Sq. Ft.
MLS® Number
NB149482
Listing Brokerage
Keller Williams Capital Realty
Postal Code
E1B3K4
Ownership
Freehold
Heat Source
Electric
Heat Type
Baseboard heaters, Heat Pump
Cooling Features
Heat Pump
