9
See all 9 photos
$4,100,000
Est. payment /mo
3 Acres Lot
Active
620 Pictou Road Valley, NS B6L2S5
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Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision Valley
MLS® Listing ID 202609618
Year Built 2020
Lot Size 3.001 Acres
Acres 3.0013
Property Sub-Type Freehold
Property Description
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:24570)
Location
Province NS
Rooms
Kitchen 0.0
Interior
Heating Heat Pump,
Cooling Heat Pump
Flooring Other
Exterior
Parking Features No
Community Features High Traffic Area
View Y/N No
Attached Garage No
Garage No
Private Pool No
Others
Ownership Freehold
Listed by Keller Williams Select Realty
Nearby Locations
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