393 Herring Cove Road, Halifax (MLS® 201811962): COMMERCIAL INVESTMENT OPPORTUNITY – This property, which is located on a high traffic section of Herring Cove Road, has been used as a family run appliance repair and parts service business since 1992. The main floor was designed as 2 retail units each with its own entrance, power meter, washroom and electric heat but has been used as one unit by the current owners. The basement has it own entrance plus a rollup garage door for large pieces of equipment as well as its own heating system and washroom. There is lots of parking at the rear of the building as well as 4 parking spaces in front of the building. With the optimum use of having 3 separate tenants there is a potential cap rate of 8% at the asking price based on current expenses and tax rate. This property is the 3rd lot away from the large development being proposed for the corner of Sussex and Herring Cove Road. Please call to arrange a private showing.
Listing Courtesy of EXIT REALTY METRO - A700