140 10e Street

COMMERCIAL BUILDING WITH HIGH POTENTIAL MULTIPLE DEVELOPMENT POSSIBILITIES Strategically located on 10th Street in Shippagan, directly across from the university campus, this nearly 4,900 sq ft building presents a unique opportunity for investors, entrepreneurs, or professionals looking to develop a revenue-generating commercial project. The ground floor, currently operating as a retail space, offers a large open area that can easily be reconfigured to suit your needs: professional offices, private clinic, beauty salon, service center, specialty boutique, coworking space, or even a café/bistro (subject to municipal approvals). Upstairs, there are two residential units: A large apartment with 3 bedrooms, 2 full bathrooms, and a renovated kitchen with recent Trifab cabinetry, ideal for owner occupancy or long-term rental. A 3 ½ apartment already rented, generating immediate income. The current configuration also allows for: The creation of additional rental units, Partial conversion into an apartment building, Or a hybrid commercial + residential + office model. The building features electric heating and a heat pump, a 200-amp electrical service, municipal water service, and parking for approximately 10 vehicles. It boasts a prime location in a vibrant area, close to schools, shops, and essential services. This versatile building offers exceptional development potential in a growing sector. (id:67197)

Price

$449,900

Property Type

Other

Transaction Type

For sale

MLS® Number

NB146717

Interior Size

4900 sqft

Ownership Type

Freehold

Cooling

Heat Pump

Exterior Finish

Brick, Hardboard, Vinyl

Fireplace

No

Heating Fuel

Electric

Heating

Baseboard heaters, Heat Pump

Interior Size

4900 sqft

Size Total

0.14 ac

Acreage

No

Amenities Nearby

Shopping

• Shopping
• None

Ownership Type

Freehold