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Business For Sale · Retail

21 Main Street, Saint John

21 Main Street, Saint John, NB E2M3M9

$225,000 total

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Asset Class

Retail

Size

—

Building class

A

Zoning

CSC — Shopping Centre

$ / SF

—

Occupancy

97%

Lot Size

0.06400023722095649 ac

About this property

An excellent opportunity to own a well-established commercial property in a high-traffic location! Conveniently situated at 21 Main Street West, this property offers excellent visibility and is surrounded by other local shops and businesses, making it an ideal location for both customers and future growth. The main floor features approximately 2,500 sq. ft. of retail space and is currently home to a long-standing convenience store, offering the opportunity for a turnkey business operation. Inventory can be negotiated separately, providing flexibility for a buyer looking to step into an established business or bring their own vision to the space. An additional approximately 2,500 sq. ft. basement provides an impressive amount of storage and plenty of potential. Use it to support the existing business, expand operations, or explore the possibility of generating additional income by renting storage space. The property also offers on-site parking for one vehicle, along with convenient on-street parking for customers. With approximately 5,000 sq. ft. of combined retail and storage space, strong exposure, an established location, and room to grow, this affordably priced commercial opportunity offers exciting potential for an entrepreneur, investor, or business owner looking to make their mark on Main Street! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$225K
Down payment30% · $68K
Interest rate6.25%
Amortization25 years
Occupancy97%
Expense growth2.5%

Monthly debt service

$1K

Projected NOI

$14K

Annual cash flow

$2K

Cash-on-cash

2.86%

DSCR

1.16

Going-in cap

6.40%

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

111,247

Households

50,362

Median income

$123,500

Median age

37.4

Daytime population

155,358

5-yr growth

2.2%

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

Secure deal room

Confidential diligence documents for 21 Main Street, Saint John.

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.