Business For Sale · Industrial

2886 Miramichi Avenue, Bathurst

2886 Miramichi Avenue, Bathurst, NB E2A3Z3

$499,900 total

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Asset Class

Industrial

Size

—

Building class

C

Zoning

IL — Light Industrial

$ / SF

—

Occupancy

89%

Year Built

1983

Lot Size

1.65 ac

Clear height

25 ft

Loading docks

11

About this property

Are you looking for a great commercial building sitting on 1.65 acres of land for your business?? Lots of opportunity here!! The main room in the front offers a large showroom with a heat pump, 2 offices, 2 bathrooms, a large reception/counter area and a storage room. The shop is approx 62 ft x 60 ft with a separate half bath, huge garage doors to accommodate RV's, utility vehicles, trucks, or whatever you need. The upper level also has 3 large rooms for storage, possible office space, parts room and a lunch room. Another great bonus is the HUGE paved driveway to allow tons of parking and a great display area. It is also partially fenced off with 2 gates. Call your favorite REALTOR® now to schedule a visit!! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$500K
Down payment30% · $150K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$23K

Annual cash flow

$-5K

Cash-on-cash

-3.39%

DSCR

0.82

Going-in cap

4.52%

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

72,704

Households

30,781

Median income

$91,500

Median age

31.2

Daytime population

75,755

5-yr growth

0.8%

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

Secure deal room

Confidential diligence documents for 2886 Miramichi Avenue, Bathurst.

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.