1171-1175-1181 Bedford Highway 3 biens | Bureau | À vendre | 1 503 334 € | Bedford, NS

On behalf of the owner, CBRE Limited (“Exclusive Agents”) is pleased to offer for sale a strategic development opportunity ideally located on the Bedford Highway, overlooking the Bedford Basin. 1171, 1175 & 1181 Bedford Highway, herein referred to as the “Property”, or the “Site”, provides three existing commercial/residential buildings located on three separate PIDs totalling 19,337 SF of land. This offering provides an opportunity to acquire lands that are positioned to experience significant density increases in the City’s future changes to zoning.
Currently zoned CMC (Mainstreet Commercial), the Property is positioned along the Bedford Highway transit corridor which has seen a number of sites been approved or up-zoned to accommodate 7-8 storey developments. The Property has the potential to experience increased density through a DA, or in the city’s upcoming Suburban Plan. As part of the Suburban Plan, the city has emphasized that properties along transit corridors will be prioritized for review of higher density potential. The Property benefits from transit stops right out front, providing access to all parts of HRM, as well as the site is only ±1,650 metres, from the future Mill Cove Ferry Terminal.
The property provides notable holding income while awaiting potential zoning changes with 4 commercial tenants and 2 residential tenants in place.

In CBRE’s review of the potential density of 1171, 1175 & 1181 Bedford Highway, when accounting for likely setbacks, allowable lot coverage, and an assumed max-height
of 7-storeys, we believe there is achievable density of ±86,275 SF. Interested groups are encouraged to contact their own consultants.
The Site provides ±19,337 SF of land along the Bedford Highway, which has seen a number of new successful development projects along the corridor. The lands are generally rectangular in shape and provides width of roughly ±220 ft. and depth of ±90-100 ft. allowing for an efficient and simple development floorplate.
The existing three buildings consist of roughly ±7,300 SF total, including 4 commercial units, and two residential units. Individual site and property info is found below, and Property financials are available upon request. Building sizes are approximate and formal measurements have not been taken.