160-162 Trites Road, Riverview
160-162 Trites Road, Riverview
Property details
- Building area
- 7,000 sq ft
- Lot size
- 43,153 sq ft
- Annual taxes
- $13,162.07/yr
Description
A prominent one-acre investment and redevelopment opportunity at a highly visible, well-travelled intersection in Riverview’s west end—an area positioned to benefit from the community’s continued growth. The property is currently improved with a two-storey commercial building offering approximately 3,500 square feet per level—about 7,000 square feet above grade—plus a dry, usable basement providing additional storage space. Two existing tenants occupy space on a month-to-month basis, generating immediate income while preserving flexibility for a purchaser’s future plans. Mid-Rise Residential (R-MR) zoning supports a range of housing options, including multiple-unit residential, townhouses, rowhouses and assisted-living or residential-care facilities. Conditional uses include ground-floor retail or office space in conjunction with a multiple-unit development. With approximately one acre, exceptional visibility and a strategic corner location, 160–162 Trites Road offers the opportunity to generate value from the existing building while exploring the site’s longer-term development potential as Riverview’s west end continues to grow. Development possibilities are subject to municipal requirements and approvals.
Location
160-162 Trites Road, Riverview
Demographics, trade-area scores, comparable sales, and price history for this property — with Premium.
Listed by ONE. Commercial.
Listing courtesy of ONE. Commercial Real Estate Advisors, Moncton board. Data provided under the NB REALTOR® RETS agreement.
