Property Description for 534 Main Street
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. PID 60373412 is in the process of being subdivided. The property being sold is the front section of the lot, including the paved parking area in the back. Lot size is approximately 10000.00 sf. The rear lot is being subdivided off this parcel and is not included in the purchase price.PID 60642584 will be amalgamated into the two lots as indicated on the survey. This is a rare opportunity to acquire prime real estate in the heart of the town center. (id:38686)
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Property Details
Property Tax
: N/ALast Updated
: Mon, September 25, 2023MLS® #
: 202307683Date Listed
: May 2, 2023
Home Features
Property Type
: MultiFamily
Interior Features
Flooring
: Laminate, Other, Ceramic Tile
Utilities
Sewer
: Municipal sewage system
Other
Parking Features
: Parking Space(s), Gravel
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