36-40 Court Street, Edmundston

$1,395,000

0 Beds
0 Baths
20,330 Sqft
.48 Acres

Step into the thriving heart of Edmundston with this exceptional commercial property offering endless possibilities for savvy investors. With over 20,300 square feet of finished floor area, this 2-story building boasts a distinctive aluminum siding exterior and a striking brick front that exudes curb appeal. Featuring 6 commercial rental sections and 2 residential apartments, this property is a cash flow dynamo. The solid lease agreements for 3 of the commercial spaces ensure a steady income stream. The land area of 20,925 square feet provides a few parking spaces. The unfinished basement, suitable for storage rentals, presents an additional revenue opportunity. While this property offers immense potential, please be aware that the tar and gravel roof will require replacement. Additionally, there is some water infiltration in the basement during the springtime. These factors have been considered in the pricing and represent an opportunity for improvement. Don't miss out on this rare chance to invest in a high-potential commercial property in the bustling heart of Edmundston. Call today for more information and to schedule a viewing! **Please take note that all current tenants are remaining in the building. (id:6289)

Essential Information
Listing #NB091800
Price$1,395,000
Bathrooms0.00
Square Footage20,330
Acres0.48
Year Built1955
TypeOffice
Sub-TypeFreehold
Community Information
Address36-40 Court Street
CityEdmundston
ProvinceNew Brunswick
Postal CodeE3V1S3
Interior
HeatingElectric Baseboard heaters
CoolingAir Conditioned
Exterior
ExteriorAluminum siding, Brick
RoofTar & gravel
Listing Details
OfficeRiviera Real Estate Ltée

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