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$449,900 total
—
Asset Class
Industrial
Size
—
Building class
A
Zoning
IL — Light Industrial
$ / SF
—
Occupancy
87%
Year Built
2026
Lot Size
2 ac
Clear height
21 ft
Loading docks
1
Position your business for success at 148 Memorial Drive in Sydney Mines, a prime two-acre commercial property located within the expanding Northside Business Park. Situated along a key arterial route with quick connectivity to Highway 105, this high-exposure location puts your venture directly in the path of steady regional traffic between Sydney Mines, North Sydney, and the surrounding Cape Breton Regional Municipality. The site sits directly across from the new Northside Health Complex, placing it front and center to one of the area's most significant ongoing infrastructure investments. Practical immediate utility is already in place with a newly built 40' x 38' detached garage featuring dual 10-foot overhead doors, ideal for operational staging, equipment storage, or a practical base of operations while you finalize long-term development plans. Flexible Business Park zoning accommodates a broad spectrum of commercial, service, and light industrial uses, making this parcel an ideal match for contractor headquarters, warehousing, self-storage, or various service-based enterprises. As commercial growth continues to concentrate along Memorial Drive, opportunities to secure a plot of this scale and strategic position are becoming increasingly scarce. Inquire today about flexible purchasing options, as the seller is open to holding a Vendor Take-Back (VTB) mortgage with a 50% down payment. Book your showing today and establish your business in a rapidly growing CBRM commercial corridor. (id:66811)
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Monthly debt service
$2K
Projected NOI
$19K
Annual cash flow
$-6K
Cash-on-cash
-4.15%
DSCR
0.78
Going-in cap
4.30%
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.
Trade area within 3 miles of the property.
Population
107,984
Households
40,704
Median income
$123,500
Median age
34.3
Daytime population
126,749
5-yr growth
5.7%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 148 Memorial Drive, Sydney Mines.
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.