199-201 Union Street, Saint John, New Brunswick
$1,100,000 - For Sale
Great Opportunity to own after reno appraised value of 2.8M!
If your looking for a larger project then 199-201 Union Street would something to consider. As is this property has 2 large store front spaces on the street level, one currently occupied. 2nd floor has 4 - 1 bedroom apartments and 1 large 2 bedroom apartment. These units can carry costs of the property while completing renovations. There is off street parking adjacent to the building. It is upstairs where most of opportunity lies! Use to be occupied by a popular department store, The Ideal Store, years ago, the top 2 floors that they once used as a warehouse has been left empty. These floors offer large ceilings, big open spaces and beautiful windows for plenty of light crying to be updated! There is also more potential for revenue in the second commercial space, with some modest renovations this open space would appeal to many different types of business.
The vision was captured with floor plans drawn up, quick estimates gathered and an after cost appraisal completed to show just how ($) much opportunity there is in 199-201 Union. Perfectly located on a main street in Uptown Saint John, just around the corner from the City Market, King Square and Imperial Theatres, 199-201 Union is just waiting for somebody to redevelop it!
Documents provided upon request to those financially able to take on this project. Any showings will require minimum 24 hours notice as the units are tenant occupied.
- Property Address:199-201 Union Street, Saint John, New Brunswick
- Property Type:Multi Family
- Taxes:$12,935 (2020)
- Structure Type:5 - 8 Units
- Floor Space:4500 SqFt
- Exterior Type:Brick