Chemin des Pignons Street

About this residence

Located in a strategic location next to CN rails in Grand Falls, NB, this versatile one-storey commercial building offers an excellent opportunity for businesses seeking accessibility and convenience. Situated on CN (Canadian National) lease land and zoned for commercial use, this property provides close access to the Trans-Canada Highway and nearby retail stores, making it an ideal choice for various business operations. The interior is thoughtfully divided into six bays. Bay 5 features a small workshop, making it perfect for trades, repairs, or specialty services. With its prime location, functional layout, and easy transportation access, this property is well-suited for businesses requiring storage, workshop space, or commercial operations with close proximity to the railway. This building is situated on leased land, providing a cost-effective ownership opportunity while avoiding the high upfront cost of purchasing land. The land is owned by Canadian National Railway (CN). They have been very good to deal with over the years and have indicated they are open to entering into a new long-term lease with the purchaser. The current annual land lease is $2,463.00 plus applicable taxes, and the lease payment includes the property taxes for the building, which are currently $1,900.19 per year. The effective land cost is therefore only the difference between these amounts approximately $562.81 per year, making the land component very inexpensive. (id:61366)