Space
Finished area and layout
- Living Area
- 3,600 sqft
- Above Grade
- 3,600 sqft
- Finished Breakdown
- Above 3,600 sqft
- Bedrooms
- 0
+31 more
0
Bedrooms
3,600 sqft
Living Area
1,147 sqft
Lot
Property Snapshot
Key details for this listing
MLS #NB149482
Property
Type, style and structure
- Type
- other
- Style
- other / Detached
- Ownership
About This Property
This 0-bedroom other in Riverview offers 3,600 sqft of living area on a 1,147 sqft lot. The property has lot dimensions of 1147. The home features heat pump, baseboard heaters, electric heating, heat pump.
MLS Remarks
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:60351)
Full Listing Details
Address508 Coverdale
MLS#NB149482
Listing StatusActive
Property TypeOther
TransactionSale
Days on Market16
Common InterestFreehold
Annual Tax$13,911
StyleDetached
Bedrooms0
Living Area3,600 sqft
Above Grade Area3,600 sqft
CityRiverview
ProvinceNew Brunswick
Postal CodeE1B3K4
Lot Size1,147 sqft
Lot Dimensions1147
HeatingHeat Pump, Baseboard heaters, Electric
CoolingHeat Pump
Annual Tax$13,911
508 Coverdale, Riverview
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