FOR SALE A DIVISION OF KELLER WILLIAMS SELECT REALTY MIXED-USE COMMERCIAL 3,000 SF BRIAN WOODS, ABR Real Estate Advisor 902-830-5060 brianwoods@kwcommercial.com TOM GERARD, CCIM, SIOR Real Estate Advisor 902-830-1318 tomgerard@kwcommercial.com KW COMMERCIAL ADVISORS Young Tower, Suite 308 6080 Young Street Halifax, NS B3K 5L2 www.kwcommercialhalifax.com
EXECUTIVE SUMMARY Civic Address Property Type 503 Main Street, Mahone Bay, Nova Scotia 2 Storey, Mixed-Use Commercial Space PID # 60376480 Building Age Built in 2009 Current Use Building Size Lot Size Parking Building Dimensions Zoning Assessed Value Retail on Ground Floor Residence on Second Floor (Potential to convert to commercial) Ground Floor 1,500 sq ft Second Floor 1,500 sq ft Total Area 6,940 sq. ft - 3,000 sq ft Gravel parking lot at rear for up to 7 parking spots Irregular 40 x 18 + 21 x 21 Commercial $229,200 (Commercial 2015) $231,100 (Residential 2015) List Price $579,000 2
AREA OVERVIEW MAHONE BAY 503 Main Street is located in the prime commercial node of Mahone Bay, Nova Scotia across from the Mahone Bay Circle-K Irving and the Mahone Bay Atlantic Save Easy. The property overlooks the harbour and it is a short walk to the waterfront. Mahone Bay is a historic town in the Lunenburg Municipal District on the beautiful south shore of Nova Scotia. Mahone Bay is easily accessible via Highway 103 and is located only 1 hour from Halifax, and the Stanfield International Airport. The Atlantic Ocean waters of Mahone Bay offer a unique setting for world-class sailing and boating. People from all over the world are drawn to the area for this reason. 3
AREA OVERVIEW LUNENBURG MUNICIPAL DISTRICT Based on the 2011 Census of Population, the Lunenburg Municipal District had a population of 25,118. In 2011, 13% of the population was under the age of 20 and 19.4% was 65 years or older. The population of working-age men and women is 67.6%, and 19.4% are senior citizens, a number which rose 0.87% from the previous census. The average aftertax income of population 15 years and over in 2010 was $21,655 with 430 people of the workforce making $80,000 and over. Lunenburg Municipal District s employed workforce has a higher concentration of workers than the national average in several diverse sectors, including retail trade, manufacturing, health care, education, and the arts. The economy of the area is diverse. Major industries include fishing and seafood processing on the coast, forest products inland, and valueadded manufacturing throughout the region. Knowledge based companies are also playing an increasingly prominent role in the area; information technology and video game design firms have set up shop. Also, the region s unspoiled natural beauty makes it a popular tourist destination for visitors to Atlantic Canada. 4
SITE SPECIFICATIONS Civic Address 503 Main Street, Mahone Bay, Nova Scotia Lot Size 6,940 sq. ft. Lot Dimensions 63x108x63x108 Zoning Commercial Municipal Services Municipal Water PID # 60376480 Parking Gravel parking lot at rear for up to 7 parking spots Directions Hwy 103 to exit 10 to Hwy 3. Right into Mahone Bay to round about (Monument). Property on the right. 5
BUILDING OVERVIEW Type Premises Breakdown Utilization Building Age Current Use Building Size Property Features Two storey newly constructed commercial building in immaculate condition throughout Ground Floor 1,500 sq ft Second Floor 1,500 sq ft Total Area 3,000 sq ft Currently operating as retail on the main floor and a comfortable residence upstairs. The layout upstairs allows for easy conversion to commercial. +/- 6 years Retail on Ground Floor Residence on Second Floor (Potential to convert to commercial) Ground Floor 1,500 sq ft Second Floor 1,500 sq ft Total Area 3,000 sq ft Water filtration system Central Vac Numerous connections for Ethernet and Telephone Wired for speakers (6 on Main and Upstairs) 4-foot wide staircase link to second-floor retail, food service, office or apartment, etc. 6
EXTERIOR VIEWS 7
INTERIOR VIEWS 8
9
FLOOR PLANS - 1 ST FLOOR 10
FLOOR PLANS 2 ND FLOOR 11
CONTACT INFORMATION BRIAN WOODS, ABR Real Estate Advisor 902-830-5060 brianwoods@kwcommercial.com TOM GERARD, CCIM, SIOR Real Estate Advisor 902-830-1318 tomgerard@kwcommercial.com KW COMMERCIAL ADVISORS Young Tower, Suite 308 6080 Young Street Halifax, NS B3K 5L2 www.kwcommercialhalifax.com 12