Loch Lomond Road/Commerce Drive, Saint John, New Brunswick

PRICE: $849,000  REDUCED PRICE: $500,000

29+ acres of development land (4 PID’s) for sale in East Saint John being sold as a package. 

PARCELS – Zoned “Business Park
1. PID 313155 – 11.96 acres (some of which is subject to wetland). Estimated 4.57+/- buildable
2. PID 55123509 – 0.27 acres
3. PID 55159503 – 0.33 acres
PARCEL – Zoned “Future Development”
4. PID 55086227 – 16.56 acres

Three PID’s zoned Business Park as shown above. The largest parcel (#1) is subject to some provincial wetlands.  An estimated 4.54 acres of that PID are buildable. Two smaller PID’s not subject to wetlands. Location near the corner of Loch Lomond and Commerce Drive makes properties strong candidates for commercial development such as strip mall and/or destination big box retail. The property is in close proximity to one of the largest retail nodes in New Brunswick which continues to see expansion and growth.
NOTE: wetlands and usable acreage to be confirmed by purchaser

Assessed Value: $318,700 (2019)

Information on BUSINESS PARK ZONE click HERE

The 4th PID which is zoned Future Development is adjacent to an established multi-unit residential development. This area is popular with renters due to it’s proximity to retail, restaurants and services. The area is well served by public transit. The subject land is sloped. Opportunity exists to connect this development via Michael Crescent and Martha Drive as shown in photos below.

Assessed Value: $81,300 (2019)

PHOTOS (click on thumbnails below to enlarge and scroll)

For information regarding FUTURE DEVELOPMENT ZONE click HERE

LOCATION

Subject property is located near the intersection of Loch Lomond Road and Commerce Drive. With PID’s on both sides of Commerce Drive.