620 Pictou Road

Description

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:56844)

Listing

MLS® number

202609618

Status

Active

Days On Market

180

Building

Year built

2020

Above grade

5,732 sq ft

Exterior

Concrete Walls

Features

Air Conditioning

Interior

Flooring

Other

Heating

Heat Pump, Electric

Cooling

Heat Pump

Security

Alarm system, Smoke Detectors, Sprinkler System-Fire, Monitored Alarm

Land

Lot size

3 acres

Community

High Traffic Area

Parking

Type

Paved Yard, Parking Space(s)

Utilities

Water

Drilled Well

Business

Business type

Other

Fees and taxes

Common interest

Freehold

Parcel number

20284543

Directions

Hwy 104 to Brookside Road to Pictou Road