567 Coverdale Road, Riverview

For Sale
Large Property Ideally Configured for Redevelopment
$1,600,000.00

Description


  • Over 3.5 acres of optimal land currently improved with a 33,059 sf building
  • Easily accessible and highly visible location
  • Development-friendly zoning and Town-funded financial incentives 

Partners Global, as the exclusive agent for 567 Coverdale Road, is pleased to present this appealing opportunity just outside of Moncton, in the growing town of Riverview. Strategically situated near the intersection of Coverdale Road and the Riverview Causeway, this underdeveloped site boasts outstanding exposure and visibility from passing traffic, along with easy access and tons of space. 

The surrounding area encompasses numerous retail and service-oriented businesses, including a big-box Kent Building Supplies location next door, plus institutional, retirement living, nursing home, and multi-unit residential uses nearby, and well-established single-family dwelling neighbourhoods.

567 Coverdale is primed for commercial/office renovations, OR demolish to make way for a brand new multi-unit residential project. The existing building comprises 15 commercial units, providing you the option to lease the commercial spaces for holding income prior to redevelopment.  

 

Financial Incentives

To encourage private sector construction, the Town of Riverview offers an incremental tax-based rebate program, promised to result in financial savings and increased cash flow. 

Details


Listing ID :
15054
Building Name :
Coverdale Square
Address : 567 Coverdale Road
Riverview, NB
Property Type:
Office
Retail
Land
Mixed-Use
Total Floors:
2
Building Size:
33,059 sf
Year Built:
1973
Lot Size:
153,767 sf
Lot Size Acres:
3.53 acres
Zoning:
Suburban Commercial (SC)
Parking Description:
70+ existing paved surface stalls, with the potential to expand
Max Contiguous Space:
153,767 sf
Min Divisible Space:
153,767 sf
Sale Price:
$1,600,000.00
Sale Details:
Phase I ESA completed and financial incentives available
Existing Tenancies:
The building is currently 40% (13,416 sf) occupied; the landlord reserves the right to terminate tenancy on short term notice

46.0632826, -64.809984

46.0632826, -64.809984

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