370 Somerset Street Saint John, New Brunswick E2K 2Y4

$239,000

Prime Development or Immediate Use Opportunity 370 Somerset Street, Saint John Unlock the potential at 370 Somerset Street, perfectly positioned between Uptown Saint John and Millidgeville. This versatile property is zoned RM (Mid-Rise Residential), offering a valuable opportunity for investors and developers to create multi-unit residential buildings, condominiums, or mixed-use developments with commercial spaces at street level. Already improved with an existing building, this property is ready for immediate use as a community center, place of assembly, or other permitted uses under current zoning giving you the flexibility to operate now while planning future development. Whether you envision a vibrant new project or need a functional space today, this property delivers on both fronts. Located in a high-demand area near hospitals, universities, shopping, and public transit, the site offers excellent connectivity and strong appeal for future tenants or community use. RM zoning typically permits construction up to six stories, offering major potential for those looking to expand their real estate portfolio. Opportunities in such a prime location are limited whether youre seeking an immediate-use building or a prime development site, 370 Somerset Street is absolutely worth a look. All sizes should be verified by buyers. (id:19018)

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https://www.realtor.ca/real-estate/28168342/370-somerset-street-saint-john