620 Pictou Road
Valley, Nova Scotia
MLS® 202609618
$4,100,000
- Status
- Active
- Property type
- Retail
- MLS® number
- 202609618
- Bedrooms
- —
- Bathrooms
- —
- Year built
- 2020
1 / 9Listing 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!
Property summary
- MLS® number
- 202609618
- Property type
- Retail
- Title
- Freehold
- Land size
- 3.0013 acres
- Built in
- 2020
- Parking
- Paved Yard, Parking Space(s)
- Days on market
- 118 days
Features & details
- Heating
- Heat Pump, Electric
- Cooling
- Heat Pump
- Flooring
- Other
- Community features
- High Traffic Area
What would this home cost you?
Based on the $4,100,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of Keller Williams Select Realty, Bedford.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.