233 Main Street

Description

This historic building offers endless potential for a savvy investor or entrepreneur. Featuring two commercial spaces, a two-bedroom apartment, and the opportunity to add additional units, this property is brimming with possibilities. The main floor boasts a spacious 1,400 sq. ft. commercial unit with large street-facing windows, an open retail/reception area, multiple private offices, a kitchenette, and a washroom. Currently vacant, it's a blank canvas for your vision. Adjacent to this, a 700 sq. ft. commercial spaceaccessed from Gorham Streetis leased to a stained glass studio, providing immediate rental income. Additionally, a separate 700 sq. ft. storage area with a washroom could be transformed into a third commercial space with reconfiguration and the addition of a storefront entrance. Upstairs, a two-bedroom apartment is occupied by a long-term tenant, ensuring steady revenue. There's also a large storage area on this level, with preliminary concept plans available for two one-bedroom apartments (subject to municipal approval). Behind the building, a deeded parking area offers space for 3-4 vehicles, accessible from Gorham Street. While the property requires significant work, key improvements have been made over the years, including a new roof (2016), updated electrical in select areas, some vinyl windows, and a new heat pump in one of the commercial spaces.