1654 Main Street Moncton, New Brunswick E1E 1G6

$1,299,999

This property is zoned as Suburban Commercial (SC), offering incredible potential for development. With ample space for a 3 to 4 story building, this site is perfect for a variety of future projects. The city's development team has advised that 27 Bishop (located behind 1654 Main st) is zoned for a separate build for possibly a 4 to 5 unit rental dwelling. The property consists of two buildings, each offering versatile rental opportunities: Building 1 is a house divided into two units: Unit A: A spacious 1-bedroom apartment with its own kitchen and living room. Unit B: A 3-bedroom unit featuring a shared kitchen and full bathroom. Building 2 is a two-level structure with 12 motel units, each equipped with private bathrooms, providing steady rental income. The motel has seen many updates since the new ownership. This unique property offers a combination of residential and commercial space, with zoning that allows for further development and growth. Whether you're looking to expand the current business or develop a new project, the potential here is substantial. Don't miss out on this opportunity-contact your REALTOR® today to schedule a viewing and review income/expenses as well as a list of updates to the property. (id:19018)

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https://www.realtor.ca/real-estate/27650185/1654-main-street-moncton