Now is your chance to take advantage of a rare opportunity to acquire a significant asset on one of Fredericton’s premier commercial corridors - Prospect Street. 

Built in 1973 and benefiting from steady and continuous upgrades, Wood Motors offers a 27,305 sq. ft. dealership property that has been a Fredericton landmark for decades. 

Situated on 3.11-acres, the site offers 400’ feet of frontage, a 19% lot coverage ratio. The property offers main operational zones including showroom, client waiting area, supporting office space, parts room, shop, wash bay, and additional supporting mezzanine space for staff. 

Workforce Housing is now a permitted use in the COR-2 zone. This “as-of-right” zoning permits the development or redevelopment of the site to accommodate one or more six-storey residential towers, as per Area 2 Standards. 

An existing lease with the current tenant, Wood Motors, is in effect until December 31, 2026. The dealership plans to relocate to a new site. In the interim, the purchaser can benefit from a steady income until new plans are established. 

These offerings do not come along often. Take advantage of this unique opportunity to acquire a significant and prominent asset. 

Click here for the Aerial Video of the Property. 

 For access to this listing's virtual data room, please fill out the Confidentiality Agreement, and return to alison@partnersglobal.com