Business For Sale · Retail

48 Topsail Pond Road, Paradise

48 Topsail Pond Road, Paradise, Newfoundland & Labrador A1L2B3

$399,900 total

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Asset Class

Retail

Size

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Building class

B

Zoning

CNC — Neighbourhood Commercial

$ / SF

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Occupancy

87%

Year Built

1950

About this property

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)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$400K
Down payment30% · $120K
Interest rate6.25%
Amortization25 years
Occupancy87%
Expense growth2.5%

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.

Area demographics

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.

Secure deal room

Confidential diligence documents for 48 Topsail Pond Road, Paradise.

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.