160-162 Trites Road, Riverview

$395,000

0 Beds
0 Baths
7,000 Sqft
.99 Acres

A prominent one-acre investment and redevelopment opportunity at a highly visible, well-travelled intersection in Riverviews west endan area positioned to benefit from the communitys continued growth. The property is currently improved with a two-storey commercial building offering approximately 3,500 square feet per levelabout 7,000 square feet above gradeplus a dry, usable basement providing additional storage space. Two existing tenants occupy space on a month-to-month basis, generating immediate income while preserving flexibility for a purchasers future plans. Mid-Rise Residential (R-MR) zoning supports a range of housing options, including multiple-unit residential, townhouses, rowhouses and assisted-living or residential-care facilities. Conditional uses include ground-floor retail or office space in conjunction with a multiple-unit development. With approximately one acre, exceptional visibility and a strategic corner location, 160162 Trites Road offers the opportunity to generate value from the existing building while exploring the sites longer-term development potential as Riverviews west end continues to grow. Development possibilities are subject to municipal requirements and approvals. (id:6289)

Essential Information
Listing #NB146706
Price$395,000
Square Footage7,000
Acres0.99
TypeOther
Sub-TypeFreehold
Community Information
Address160-162 Trites Road
CityRiverview
ProvinceNew Brunswick
Postal CodeE1B3L9
Interior
CoolingCentral air conditioning
Exterior
Lot Description4009
Listing Details
Office

ONE. Commercial Real Estate Advisors

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