Business For Sale · Office

90 Provost Street, New Glasgow

90 Provost Street, New Glasgow, NS B2H2P4

Price on request

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Asset Class

Office

Size

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Building class

A

Zoning

DC1 — Direct Control

$ / SF

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Occupancy

97%

Lot Size

0.1639 ac

About this property

This spacious unit, offering over 700 sq ft +/- and abundant natural light, is a prime and affordable opportunity for a business in the vibrant downtown core of New Glasgow. Newly renovated, it features one private parking space and includes lighting and hot water heating, making it especially attractive to entrepreneurs. The layout includes an oversized main room, a restroom, and a back office, providing versatile space for a variety of business needs. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy97%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$85K

Annual cash flow

$2K

Cash-on-cash

0.46%

DSCR

1.02

Going-in cap

5.68%

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

92,512

Households

32,394

Median income

$86,500

Median age

44.5

Daytime population

87,303

5-yr growth

1.7%

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

Secure deal room

Confidential diligence documents for 90 Provost Street, New Glasgow.

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.