785 105 Highway

Description

Positioned along the high-visibility corridor of Highway 105, this substantial commercial building presents a rare opportunity for investors and entrepreneurs to reimagine a space with unlimited potential. With generous square footage and a layout already designed to accommodate high capacity use, the property offers the flexibility to support a wide range of venturesfrom retail or service-based business to multi-unit residential or short-term rental development. The main level, currently configured for commercial use, provides an ideal footprint for conversion into two self-contained rental units or a combination of residential and commercial space. Above, upper-level living area offers immediate on-site accommodation or the potential for an additional income-generating unit. The existing commercial kitchen and equipment remain in place, adding value for those who may wish to operate food service or repurpose the space creatively. Set on a property with ample land and paved parking, there is room for development or expansion, making this an excellent candidate for a mixed-use or income-producing property. With its expansive footprint and flexible layout, this property lends itself well to income-generating conversion. A reconfiguration into multiple residential or short-term rental units could produce strong annual returns, with projected gross income in the range of $50,000$70,000 depending on use. Based on typical operating expenses, investors may achieve an attractive cap rate in todays market, with additional upside through further development or optimization of the space. The elevated setting captures sweeping water views and the natural beauty of Kellys Mountainan added draw. Opportunities offering this level of versatility, visibility, and income potential are increasingly rare at this price point. (id:56844)

Listing

MLS® number

202605958

Status

Active

Days On Market

213

Building

Above grade

2,160 sq ft

Exterior

Wood frame

Features

Living Accommodation

Interior

Flooring

Other

Heating

Oil, Electric, Furnace

Land

Lot size

1.28 acres

View

Lake view, Ocean view, View of water, Harbour

Community

High Traffic Area

Parking

Type

Paved Yard, Parking Space(s)

Utilities

Water

Drilled Well

Business

Business type

Restaurant

Fees and taxes

Common interest

Freehold

Parcel number

85076370

Directions

From Sydney, Highway 105 before Seal Island Bridge.