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Renanza Realty
For sale

620 Pictou Road

Valley, Nova Scotia

MLS® 202609618

$4,100,000

Status
Active
Property type
Retail
MLS® number
202609618
Bedrooms
Bathrooms
Year built
2020

Listing 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.

Estimated monthly payment$19,077 /mo

Unlock the Complete Cost Breakdown for this Home

Land transfer taxes, closing costs and buyer rebates for this exact price — plus an advisor to confirm what you qualify for.

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.