High-Potential Commercial Property in Central New Minas Located in the heart of New Minas's busy commercial district, this C1-zoned property includes three PIDs: A two-storey, 10,437 sq.ft building with a basement, a distressed adjacent home, and a rear lot used for parking. The main building offers flexible layout options for commercial, retail, or office use on the main floor, with strong potential for residential conversion upstairs. The basement could be used for tenant storage or utility space. The adjacent home offers redevelopment or expansion opportunities, and the third PID adds valuable off-street parking. With excellent visibility, flexible zoning, and future development potential—including vertical expansion—this is a prime opportunity in one of the Valley's most active commercial corridors.

General Info:Listing Sub-Area: Kings County

Property Type: Commercial

Commercial Type: Commercial Retail

Major Bus Type: Medical, Residential Units, Restaurant

Title To Land: Freehold

Year built: 1935

(Age: 90)

Age: 90

Main Living Area: 7,500 sq. ft.697 m2

Floor Area: 10,437 sq. ft.970 m2

Prop Size: 0.5 to 0.99 Acres

Lot Size: 1.24 acre(s)0.5 hectare(s)

Zoning: C1

Construction: Block, Wood Frame

New Constr.: No

Parking: Yes

Driveway: Multiple Driveways, Parking Spaces(s), Paved

Parking Description: Multiple, front and back

# Floors: 3

Floor Finish: Concrete, Wood, Other

Roof: Asphalt Shingle

Heating: Forced Air

Fuel: Oil

Water Supply: Municipal

Utilities: Cable, Electrical, Municipal Water, Sewer, Telephone

Exterior Features (Comm): Dock Height Loading, Storage Building

Site Influences: Cleared, Public Transportation, Shopping Nearby, Visual Exposure, Corner Site, High Traffic Location, Public Parking

Building Amenities: Security System, Ventilation System, Window Display, See Remarks

Rental Equipment: None

Waterfront: No

Other Details:Assessment: 520500.0

Assessment Year: 2025

Rental Income: Potential

Business Tax Payer: Owner

Property Taxes Payer: Owner

Heating Payer: Owner

Hydro Payer: Owner

Water Payer: Owner

Insurance Payer: Owner

Structural Maintenance Payer: Owner

Exterior Maintenance Payer: Owner

Interior Maintenance Payer: Owner

Possession Info: Immediate

Listing Info:Listed Date: May 09, 2025

Days on Mkt:108