Saint John Commercial Real Estate

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607 ROTHESAY

607- 609 Rothesay Avenue, Saint John, New Brunswick
PID 55184931 (PAN) 1517034

PRICE: $4,250,000

DETAILED FINANCIALS AVAILABLE UPON COMPLETION OF NDA

ARTIST RENDERING – OVERVIEW OF CURRENT INVESTMENT OPPORTUNITY

SLIDESHOW

  • AERIAL VIEW WITH APPROXIMATE PROPERTY BOUNDARY
  • BUILDING A – STREETVIEW
  • BUILDING A – UPPER LEVEL
  • BUILDING A – TYPICAL UNIT FINISHES
  • BUILDING A – FLOORPLAN
  • BUILDING C D E – EXTERIOR
  • BUILDING C – SAMPLE
  • BUILDING C D E – FLOORPLAN
  • BUILDING F – EXTERIOR
  • BUILDING F – FLOORPLAN

ZONING: Corridor Commercial
TOTAL COMBINED SQUARE FOOTAGE: 24,400 SF

DESCRIPTION
Mixed used investment property with apartments, restaurant, pub, retail, and 2-storey commercial building. Approximate area of 2.63 acres. The site is irregular in shape, with an approximate road frontage of 290 feet on Rothesay Avenue.

BUILDING A (retail strip mall)
13 unit two-storey former motel repurposed for use as a multi-tenant commercial property
100% occupied with waiting list

  • Area: 11,00 SF (5,100 SF on ground level + 5,900 SF on 2nd level)
  • Exterior: Siding Vinyl siding to front. Older siding to rear
  • Roof: Asphalt shingles on gable roof
  • Windows: Vinyl framed windows
  • Doors: Metal doors
  • Heating: Centralized Natural Gas Heating Plant with Hydronic Wall Heaters.
  • Plumbing: Washroom with toilet and sink to each commercial unit. Some additional plumbing based on tenant requirements

BUILDING C/D/E (pub, restaurant & retail)
One-storey multi-tenant commercial property.
100% occupied

  • Area: 5,200 SF
  • Style Single-storey building
  • Exterior: Siding Vinyl siding and older siding
  • Roof: Asphalt shingles on gable roof
  • Windows: Metal and vinyl framed thermal windows
  • Doors: Metal doors
  • Heating: Centralized Natural Gas Heating Plant with Hydronic Wall Heaters.
  • Plumbing: Common area washrooms, kitchen and washroom plumbing to restaurant and pub

BUILDING F (affordable housing complex)
24 apartment, two-storey residential building
100% occupied

  • Area: 8,200 SF
  • Exterior: Siding Older siding
  • Roof: Asphalt shingles on gable roof
  • Windows: Mostly vinyl framed thermal windows
  • Doors Metal doors
  • Heating: Centralized Natural Gas Heating Plant with Hydronic Wall Heaters.
  • Plumbing – Sink, shower, bathtub, and toilet to each apartment
  • Accommodation: 24 small apartments (former motel rooms)

SURPLUS DEVELOPMENT LAND

Surplus land identified for future development including expansion of Building C and the addition of a 10,000 SF 2-storey commercial building on the site. See illustrations below.

Future Phase 3 (above) shows addition built on to Building C and paving of parking lot
Future Phase 4 (above) show the addition of a 10,000 SF two-storey commercial building.
Future Phase 5 (not shown) contemplates an additional 10,000 sq ft building should parking allow.

SERVICES
Municipal sewerage and water services
Serviced by above ground electrical and telephone services
Nearby bus stops

LOCATION
The property is located on Rothesay Avenue (a paved 2-way public street with sidewalks), the main “highway commercial” district in Saint John, near the main “big box” retail area in the city. The neighbourhood has a mixture of retail properties, automotive properties (car dealerships and repair businesses), and other commercial and industrial properties.

LOCATION MAP