620 Pictou Road

About this home

Strategic Investment & Development Opportunity! Well-located high quality income producing commercial property situated in a high-traffic area within the expanding Valley/Truro growth corridor. The asset is 6 years young and secured by long-term 15 years leases with national tenants including McDonalds and Parkland Fuel, providing stable in-place income and low operational complexity. The offering includes approximately 3 acres of land, with ~1 acre of surplus vacant land available for development. Flexible commercial zoning allows for a range of future uses, including self-storage, retail plaza, or mixed-use commercial. There is a massive, multi-phase housing development nearby. It is planned to bring roughly 2,300 to 2,500+ residential units to the area over the next 20 years. This will create a lot of needs for the commercials around the area and increase the value of the property over the years. This is a rare opportunity to own a high quality asset provides a combination of steady fixed income and future growth! (id:66966)

Details

Type

Retail

Size

5732 sq ft

Neighbourhood

Valley

Municipality

Valley

Interior

Fireplace

No

Heating, cooling and services

Heating

Heat Pump, Electric

Air conditioning

Heat Pump

Building and exterior

Year built

2020

Exterior

Concrete Walls

Parking

Driveway and parking

Paved Yard, Parking Space(s)

Location

Location is approximate. See nearby homes on the map