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36-40 Court Street Edmundston, New Brunswick E3V 1S3

Air Conditioned Baseboard Heaters

$1,395,000

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:33231)

Business

Business Type Other
Business Sub Type Offices

Property Details

MLS® Number NB091800
Property Type Office
Equipment Type None
Rental Equipment Type None

Building

Constructed Date 1955
Cooling Type Air Conditioned
Exterior Finish Aluminum Siding, Brick
Fire Protection Monitored Alarm, Smoke Detectors
Heating Fuel Electric
Heating Type Baseboard Heaters
Roof Material Tar & Gravel
Roof Style Unknown
Total Finished Area 20330 Sqft

Land

Access Type Year-round Access, Road Access
Acreage No
Size Irregular 20925
Size Total 20925 Sqft
Size Total Text 20925 Sqft
Zoning Description C1

https://www.realtor.ca/real-estate/26060468/36-40-court-street-edmundston

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Contact us for more information


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Jean Leblond
Agent Manager

(506) 737-7001
(506) 739-9367
https://www.youtube.com/embed/KZ6vZRn1ivE
https://www.riviera.nb.ca/en/our-team/jean-leblond
www.facebook.com/jean.leblond.92

Riviera Real Estate Ltée
36 Rue Court
Edmundston, New Brunswick E3V 1S3

(506) 739-9508
(506) 739-9367
https://riviera.nb.ca/en/home
https://www.facebook.com/RivieraEDM

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