340 Reserve Street

Description

Spacious commercial building situated on a large 100 ft x 600 ft lot in Glace Bay, offering excellent investment and development potential. The property currently features three well-maintained two-bedroom apartments, with room to expand and add additional units. The building also includes a generous commercial space ideal for retail, storage, or a variety of business uses. A large overhang door allows for easy vehicle access, making it especially well-suited for contractors, construction or roofing companies needing secure equipment and material storage. This property is also an excellent option for seasonal vehicle storage, providing a practical solution for cars, trucks, or recreational vehicles during the winter months. The expansive rear lot adds even more versatility, with plenty of space for additional outdoor storage such as sea cans or the potential to develop a self-storage operation. Designed for efficiency and comfort, the residential units are well insulated and heated with electric heat, while the commercial space is equipped with both oil heat and a heat pump for year-round climate control. The property offers ample on-site parking and is located in a convenient, high-visibility area. With its large lot and flexible layout, this property presents a rare opportunity for investors, business owners, or developers looking to maximize both residential and commercial income streams.

Listing

MLS® number

202627088

Status

Active

Days On Market

1

Building

Above grade

2,000 sq ft

Exterior

Concrete Walls

Features

Living Accommodation

Interior

Flooring

Concrete

Heating

Heat Pump, Baseboard heaters, Electric, Ductless

Cooling

Air Conditioned

Land

Lot size

1.38 acres

Fencing

Partially fenced

Parking

Type

Gravel

Utilities

Water

Municipal water

Business

Business type

Industrial, Residential

Fees and taxes

Common interest

Freehold

Parcel number

15453533

Directions

Grandlake Road to Sydney Road to Reserve Street, Glace Bay