620 Pictou Road, Valley, NS

$4,100,000

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5,732

Square feet

3.00

Acres

About 620 Pictou Road

Strategic Investment & Development Opportunity! Well-located high quality income producing commercial property situated in a high-traffic area within the expanding Valley/Truro growth corridor. The asset is 6 years young and secured by long-term 15 years leases with national tenants including McDonald’s and Parkland Fuel, providing stable in-place income and low operational complexity. The offering includes approximately 3 acres of land, with ~1 acre of surplus vacant land available for development. Flexible commercial zoning allows for a range of future uses, including self-storage, retail plaza, or mixed-use commercial. There is a massive, multi-phase housing development nearby. It is planned to bring roughly 2,300 to 2,500+ residential units to the area over the next 20 years. This will create a lot of needs for the commercials around the area and increase the value of the property over the years. This is a rare opportunity to own a high quality asset provides a combination of steady fixed income and future growth!

Features of 620 Pictou Road

MLS® # 202609618
Price $4,100,000
Square Footage 5,732
Acres 3.00
Year Built 2020
Type Commercial Sale
Sub-Type Retail
Status Active

Community Information

Address 620 Pictou Road
Area Annapolis Valley
District Annapolis County
Sub-District V3
City Valley
County Annapolis
Province NS
Postal Code B6L 2S5

Amenities

Utilities Electric, Sewer Connected
Features Other, Public Washrooms, See Remarks
Parking Public Parking, Parking Spaces(s), Paved
Is Waterfront No
Has Pool No

Interior

Heating Heat Pump
Cooling Air Conditioning, Ducted Cooling
Fireplace No
Has Basement No

Exterior

Lot Description 3 to 9.99 Acres, Cleared, Corner Lot
Roof Other
Construction Concrete

Additional Information

Zoning C-1

Listing Details

OfficeKeller Williams Select Realty

Listing Map

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