For Sale · Retail

2522 COUNTY ROAD 64, Quinte West (Murray Ward)

2522 COUNTY ROAD 64, Quinte West (Murray Ward), ON K0K1L0

$649,000 total

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Asset Class

Retail

Size

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Building class

A

Zoning

CNC — Neighbourhood Commercial

$ / SF

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Occupancy

97%

About this property

Attention entrepreneurs! Commercial property at the Western entrance to Prince Edward County in Carrying Place. Suitable for retail, event space or restaurant business. 4,500 sf building area including two retail space areas, a kitchen and washrooms. Floors are hardwood, tile and laminate. Exterior deck with picnic tables. 1 acre lot with ample parking and yard space. Significant tourist traffic drives by the property along Loyalist Parkway. To be sold vacant. A perfect opportunity for a place to open your own business. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$649K
Down payment30% · $195K
Interest rate6.25%
Amortization25 years
Occupancy97%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$44K

Annual cash flow

$9K

Cash-on-cash

4.38%

DSCR

1.24

Going-in cap

6.86%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

144,856

Households

55,006

Median income

$89,500

Median age

41.9

Daytime population

201,903

5-yr growth

0.9%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 2522 COUNTY ROAD 64, Quinte West (Murray Ward).

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.