Commercial

559 East River Road , New Glasgow

106-New Glasgow, Stellarton
  • 2000 Total Fin Sq Ft
  • Age Of Building:52
559 East River Road 559 East River Road 559 East River Road 559 East River Road 559 East River Road 559 East River Road 559 East River Road 559 East River Road 559 East River Road 559 East River Road 559 East River Road 559 East River Road 559 East River Road 559 East River Road 559 East River Road 559 East River Road 559 East River Road 559 East River Road
$ 355000
Proudly positioned on the bustling East River Road, the main artery of New Glasgow and one of the most high-traffic streets in the province outside of HRM, this distinguished commercial building presents an unparalleled opportunity for savvy investors or businesses. Spanning 2,000 square feet on the main level, this property boasts a prime corner lot location, ensuring maximum visibility and accessibility. The building has been very well maintained and updated, reflecting a professional and modern aesthetic that is sure to appeal to a variety of business ventures. Currently, the main floor is occupied by two tenants, adding immediate value and stability to your investment. A unique feature of this property is the expansive, unfinished basement. It offers a high ceiling and two walls that are already framed, presenting a blank canvas for a multitude of purposes. The space is ripe for transformation into additional commercial units, secure dry storage units ideal for businesses needing file storage, or even residential units as there is already existing plumbing, subject to relevant permissions. This flexibility offers a potential avenue to significantly increase the property’s income. This commercial building is not just a purchase but an investment in one of the most vibrant and growing areas of the province. Whether you're expanding your portfolio or establishing your presence in the community, this property offers the perfect blend of location, flexibility, and potential.

Area Statistics

Listing Sub-Area:106-New Glasgow, Stellarton
Property Type:Commercial
Residential Type:Commercial Retail
Title To Land:Freehold
Year built: 1972
Age: 52
Square Footage:2000 SqFt (MLA)
Total Finished SqFt:2000 SqFt (TLA)
Zoning:COM
Lot Size/Sqft:177.5

Additional Info

Foundation:
New Constr.:No
Parking Description:Paved & Gravel parking for about 10 vehicles

Room Information

FloorTypeSize
Tenant
Owner
Tenant 2000sqft
Tenant
Tenant
Owner 0

Waterfront

No

Other Details

Rental Income:Yes
Monthly Condo Fee:
Condo Fee Includes:
Condo Corporation Number:
Possession Info:Negotiable

School Info

Elementary School:
Middle School:
High School:
French Imm Elementary School:
French Imm Middle School:
French Imm High School:
Listing Date: 2024-01-15
  • Status Active
  • Prop. Type Commercial
  • MLS® Num 202400946
  • Year build 1972

Area Statistics

Listings on market

25

Avg list price

$599,900

Min list price

$249,900

Max list price

$1,350,000

Avg days on market

9

$

Min days on market

1

Max days on market

46

Avg price per sq.ft.

$177.5

These statistics are generated based on the current listings property type and located in 559 East River Road , New Glasgow. Average values are derived using median calculations. Get Market Change Alerts

SCHOOLS

Proudly positioned on the bustling East River Road, the main artery of New Glasgow and one of the most high-traffic streets in the province outside of HRM, this distinguished commercial building presents an unparalleled opportunity for savvy investors or businesses. Spanning 2,000 square feet on the main level, this property boasts a prime corner lot location, ensuring maximum visibility and accessibility. The building has been very well maintained and updated, reflecting a professional and modern aesthetic that is sure to appeal to a variety of business ventures. Currently, the main floor is occupied by two tenants, adding immediate value and stability to your investment. A unique feature of this property is the expansive, unfinished basement. It offers a high ceiling and two walls that are already framed, presenting a blank canvas for a multitude of purposes. The space is ripe for transformation into additional commercial units, secure dry storage units ideal for businesses needing file storage, or even residential units as there is already existing plumbing, subject to relevant permissions. This flexibility offers a potential avenue to significantly increase the property’s income. This commercial building is not just a purchase but an investment in one of the most vibrant and growing areas of the province. Whether you're expanding your portfolio or establishing your presence in the community, this property offers the perfect blend of location, flexibility, and potential.

SCHOOLS

4 tennis courts, 3 playgrounds and 5 other facilities are within a 20 min walk of this home.

SCHOOLS

Street transit stop less than a 2 min walk away. Rail transit stop less than 10 km away.
Listed by
Turning Point Real Estate Limited
2584 Westville Road New Glasgow , Nova Scotia B0K2A0

Jeremy Snider

DOMUS REALTY
1 (902)476-7079
[email protected]

Calculate mortgage

$

5%

1%

5%

$
$

$1421

Monthly Payment

Principal & Interest $1421

Monthly Taxes $1421

Monthly HOA $1421

Monthly Insurance $1421