Business For Sale · Retail

92 Capital Drive, Charlottetown

92 Capital Drive, Charlottetown, PE C1E1E8

$1.9M total

—

Asset Class

Retail

Size

—

Building class

B

Zoning

CSC — Shopping Centre

$ / SF

—

Occupancy

90%

About this property

92 Capital Drive, Charlottetown, visibility, income and room to explore what comes next. Set on a one-acre site bordering both Capital Drive and Thompson Drive, this commercial property offers exposure to traffic from two roads and a prominent location for businesses seeking to be seen. The large paved parking lot provides convenient access for tenants and visitors. The existing building features approximately 12,500 square feet of finished space across seven revenue-generating rental units, offering an established income stream. Recent improvements include new roof shingles and ongoing general maintenance. With frontage on both roads and land to assess for future use, 92 Capital Drive presents a compelling opportunity for an investor or owner-occupier. Any additional development would be subject to zoning, permits and applicable approvals. All measurements are approximate. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.85M
Down payment30% · $555K
Interest rate6.25%
Amortization25 years
Occupancy90%
Expense growth2.5%

Monthly debt service

$9K

Projected NOI

$92K

Annual cash flow

$-10K

Cash-on-cash

-1.88%

DSCR

0.90

Going-in cap

4.98%

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

96,449

Households

34,860

Median income

$134,500

Median age

36.4

Daytime population

114,318

5-yr growth

9%

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

Secure deal room

Confidential diligence documents for 92 Capital Drive, Charlottetown.

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.