534 Main Street (MLS® 202307683)
Summary
- MLS ®:
- 202307683
- Price:
- $899,900
- Status:
- Active
- District:
- DILUN
- Zoning:
- COMMERCIAL
- Property Type:
- Triplex
- Title To Land:
- Freehold
Income
- Income Details:
- Call 902-499-7886
Expenses
- Expense Details:
- Call 902-499-7886
Property Overview
534 Main Street, Mahone Bay (MLS® 202307683): Mahone Bay landmark, currently the home of Canada Post and two residential units in the heart of downtown Mahone Bay. There is currently a long term lease with Canada post that has a triple net lease. Upstairs units rent for 1250 and 950 respectively. Room for significant rental increases when the units turn over. Built in 1933, the originally a government of Canada building with a managers office and records office for the area upstairs. Built with concrete and steel and speed tiles with 14" walls. Roof is concrete and copper. Extremely durable and build to last. Rare opportunity to invest in a rapidly growing tourist destination. Development potential in the back lot which was originally intended to have a 16 unit building built. Lot 2 Hedge Row could also be purchased to provide the buyer an opportunity to develop more units. This is a rare opportunity to acquire prime real estate in the heart of the town center.
Listing Courtesy of: Keller Williams Select Realty(Mahone Bay) Main Street Mahone Bay None Directions
Building Specs.
Garage & Parking
Schools
Rental Equipment
Map
