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534 Main Street Mahone Bay, Nova Scotia B0J 2E0

$899,900

Mahone Bay landmark, currently the home of Canada Post and two residential units in the heart of downtown Mahone Bay. There is currently a long term lease with Canada post that has a triple net lease. Upstairs units rent for 1250 and 950 respectively. Room for significant rental increases when the units turn over. Built in 1933, the originally a government of Canada building with a managers office and records office for the area upstairs. Built with concrete and steel and speed tiles with 14" walls. Roof is concrete and copper. Extremely durable and build to last. Rare opportunity to invest in a rapidly growing tourist destination. Development potential in the back lot which was originally intended to have a 16 unit building built. Lot 2 Hedge Row could also be purchased to provide the buyer an opportunity to develop more units. This is a rare opportunity to acquire prime real estate in the heart of the town center. (id:52813)

Property Details

MLS® Number 202307683
Property Type Multi-family
Community Name Mahone Bay

Building

Constructed Date 1933
Flooring Type Ceramic Tile, Laminate, Other
Foundation Type Concrete Perimeter
Type Triplex
Utility Water Municipal Water

Parking

Gravel
Parking Space(s)

Land

Acreage No
Sewer Municipal Sewage System
Size Irregular 0.7375
Size Total 0.7375 Ac
Size Total Text 0.7375 Ac

https://www.realtor.ca/real-estate/25529623/534-main-street-mahone-bay-mahone-bay

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