Business For Sale · Multifamily

78 Lincoln Road, Grand Falls-Windsor

78 Lincoln Road, Grand Falls-Windsor, Newfoundland & Labrador A2A1N2

$1.5M total

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Asset Class

Multifamily

Size

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Building class

B

Zoning

RF6 — Medium Density

$ / SF

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Occupancy

93%

Year Built

1996

About this property

A FABULOUS INVESTMENT PROPERTY AWAITS - HOTEL ROBIN HOOD! This family run business has been in operation for thirty four years and is rooted in the Town of Grand Falls-Windsor. Beautifully landscaped with mature trees and stunning grounds, with paved and gravel parking lots, this property has instant business curb appeal, being located on one of the busiest streets in town. The property has been meticulously maintained and upgraded through the years having 18 fully furnished rooms(one accessible), three of which are business suites! The hotel additionally has both a one and two bedroom apartment unit, as well as an additional two bedroom suite currently utilized by owner - all fully furnished. The hotel is complete with three phase, 600 amp electrical, fire alarmed, as well as a security system. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.49M
Down payment30% · $447K
Interest rate6.25%
Amortization25 years
Occupancy93%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$48K

Annual cash flow

$-35K

Cash-on-cash

-7.81%

DSCR

0.58

Going-in cap

3.20%

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

112,518

Households

40,095

Median income

$98,000

Median age

34.1

Daytime population

189,527

5-yr growth

3.3%

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

Secure deal room

Confidential diligence documents for 78 Lincoln Road, Grand Falls-Windsor.

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.