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5968 Highway 1 in Cambridge: Kings County Commercial for sale (Annapolis Valley) : MLS®# 202501098

5968 Highway 1 Cambridge B0P 1G0 : Kings County

  • $479,900
  • Commercial
  • MLS®#: 202501098
  • Status: Active
  • Office
  • Size: 5,245 sq. ft.
This prime mixed-use property on Highway 1 in Cambridge offers exceptional visibility and tremendous investment potential. With the income-generating combination of both residential and commercial spaces, this building presents an unmatched opportunity for savvy investors looking to capitalize on both immediate and future growth. Zoned C3, the possibilities are virtually limitless, including potential for further development or diversification. There are three well-maintained apartments. Two 1-bedroom/1-bath units, and a spacious 2-bedroom/1-bath, two-level apartment. All tenants are on fixed leases. The street-front retail area is currently home to a single established retail business. However, with minimal effort, this can be reconfigured into two separate commercial units to increase income potential and diversify the revenue stream. The building offers an efficient shipping and receiving area on the ground level for the commercial tenants.There is generous parking space available for both residents and commercial tenants, with convenient access for guests and deliveries. Opportunities like this do not come often—schedule a viewing today before this exceptional investment slips away!
Area:
Annapolis Valley
Location:
Kings County
City:
Cambridge
Postal/Zip Code:
B0P 1G0
Exit 14, turn West on Highway 1 to civic on left
Listing Sub-Area:
Kings County
Property Type:
Commercial
Commercial Type:
Commercial Retail
Major Bus Type:
Office, Residential Units, Shopping Centre
Title To Land:
Freehold
Year built:
1960 (Age: 65)
Age:
65
Main Living Area:
Switch units of measure2,745 sq. ft.
Floor Area:
Switch units of measure5,245 sq. ft.
Building Dimenions:
Irregular
Prop Size:
Under 0.5 Acres
Lot Size:
Switch units of measure14,802 sq. ft.
Zoning:
C3
Construction:
Block, Concrete
New Constr.:
No
Parking:
Yes
Driveway:
Paved
Parking Description:
Street front parking 7 / rear residential parking 5 spots
# Floors:
2
Floor Finish:
Other
Roof:
Asphalt Shingle, Metal
Heating:
Baseboard, Heat Pump -Ductless
Fuel:
Electric
Water Supply:
Drilled Well
Utilities:
Cable, Electrical, Sewer, Telephone, Well
Cleared, Highway Access, Public Transportation, Public Parking
Laundry Facilities, Security System
3 fridges/ 3 stoves in rental units
All retail racks on walls and free standing in Retail Store. Bennett's Bargain Signage all removed
None
No
Rental Income:
Yes
Business Tax Payer:
Owner
Property Taxes Payer:
Owner
Heating Payer:
Tenant
Hydro Payer:
Tenant
Insurance Payer:
Owner
Structural Maintenance Payer:
Owner
Exterior Maintenance Payer:
Owner
Interior Maintenance Payer:
Owner
Lease 1 - Net Rental Area:
# Residential Units
Lease 1 - Expiration Date:
02/28/2025
Lease 1 - Occupant:
Apt 3
Lease 1 - Rental Rate:
846
Lease 2 - Net Rental Area:
# Residential Units
Lease 2 - Expiration Date:
05/31/2025
Lease 2 - Occupant:
Apt 2
Lease 2 - Rental Rate:
735
Lease 3 - Net Rental Area:
# Residential Units
Lease 3 - Expiration Date:
03/31/2025
Lease 3 - Occupant:
Apt 1
Lease 3 - Rental Rate:
700
Possession Info:
Negotiable
Listed Date:
Days on Mkt:
Listed by Royal LePage Atlantic (New Minas)
EXIT Realty Town & Country
Data was last updated April 27, 2025 at 01:20 AM (UTC)
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