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Home NB Greater Moncton Riverview
508 Coverdale
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508 Coverdale $599,000
$599,000
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508 Coverdale
Riverview, New Brunswick E1B3K4

MLS® Number: NB108615

Listing Description

TURN-KEY Exceptional Investment Opportunity/ PRIME LOCATION/ 3 ELECTRICAL METERS. Good deal is hard to find but you found it! This prime commercial property offers three rental income streams, making it a standout investment in the heart of Riverview. Three electrical meters for easy tenant management and billing! Located on busy Coverdale road, just minutes from The Honourable Brenda Robertson Bridge, commercial and apartment buildings, this building includes: Two successful ground-floor businesses: one pizza restaurant & one eat-in, take-out restaurant. One of them with potential for a drive-through. Long-term commercial tenant, covering major expenses such as property taxes, insurance, and utilities, ensuring low-risk ownership. Upstairs, you will find a spacious 3-bedroom apartment with TWO separate entrances: one stairs on the left side and one stairs on the right of the building. Potential rent of around 1700$/month, currently vacant for easy showing. This apartment is also perfect for owner-occupancy or additional rental income. The basement is using as a storage, high ceiling, potential for your creative. With excellent visibility, accessibility, and proximity to amenities, this turnkey property offers immediate cash flow and future growth potential. Dont miss this opportunity! (27705362)

Property Summary

Property Type
Other
Land Size
1147 m2
Annual Property Taxes
$11,315.22
Time on REALTOR.ca
18 days

Building

Heating & Cooling
Cooling
Heat Pump
Heating Type
Baseboard heaters, Heat Pump, (Electric)

Measurements

Total Finished Area
3600 sqft

Land

Lot Features
Landscape Features
Landscaped
Data provided by: New Brunswick Real Estate Board Unit 1 - 1000 Sandy Point Road, Saint John, New Brunswick E2K 5H3
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