180 Water Street, Saint Andrews

180 Water Street, Saint Andrews

Description

Enjoy an unbeatable location in the heart of Saint Andrews’ vibrant tourist district, surrounded by local attractions, shops, restaurants, and everyday conveniences. Showcasing exceptional traditional East Coast curb appeal, this distinctive property presents an incredible opportunity to acquire the commercial real estate only, with an established business already in place. The thriving coffee shop/restaurant currently occupying the commercial space is not for sale and will remain as a tenant under an existing lease agreement, providing the new owner with immediate rental income. An ideal opportunity for investors seeking a turnkey, income-producing commercial property without the responsibilities of operating a business. The commercial space features a stylish modern-retro design, an attractive service counter, and ample customer seating arranged across multiple levels. Beautiful wood flooring adds warmth and character, while the fully equipped commercial kitchen, storage areas, and dedicated office provide excellent functionality for continued commercial use. Further enhancing the investment appeal are two separate residential rental units, a spacious four-bedroom, two-bathroom apartment and a two-bedroom, one-bathroom apartment. Both units feature their own dedicated laundry facilities. With an established rental history and multiple income streams from the commercial and residential components, this property offers an attractive investment opportunity in one of New Brunswick’s most desirable coastal communities. A rare chance to own income-generating real estate in a prime downtown location and benefit from Saint Andrews’ thriving tourism market.