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$399,900 total
—
Asset Class
Retail
Size
—
Building class
B
Zoning
CNC — Neighbourhood Commercial
$ / SF
—
Occupancy
87%
Year Built
1950
A rare opportunity to combine business, residential living, and investment potential in one unique property! This versatile property offers a fully equipped automotive garage alongside a single-family dwelling, making it an ideal opportunity for an automotive professional, entrepreneur, or investor. The garage comes equipped with a vehicle lift, tire changer, tire balancer, and workbench, providing an excellent setup for automotive operations. The existing business approval is transferable to a new owner, provided the operation remains unchanged, with approved business hours of Monday to Friday, 8:00 AM to 5:00 PM. The single-family dwelling offers the flexibility to live on-site or generate additional income through rental opportunities. Situated in a beautiful area, this property presents a unique chance to own and operate an established-use automotive facility while enjoying the added benefits of residential living or investment income. A fantastic opportunity for the right buyer! (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$2K
Projected NOI
$21K
Annual cash flow
$-678
Cash-on-cash
-0.57%
DSCR
0.97
Going-in cap
5.37%
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
93,787
Households
36,648
Median income
$73,500
Median age
40.5
Daytime population
122,317
5-yr growth
5.3%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 48 Topsail Pond Road, Paradise.
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.