For Sale · Specialty

3064 Main Street, Salisbury

3064 Main Street, Salisbury, NB E4J2L5

$329,900 total

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Asset Class

Specialty

Size

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Building class

B

Zoning

US — Urban Services

$ / SF

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Occupancy

91%

Year Built

1991

Lot Size

0.3689280083818071 ac

About this property

OPPORTUNITY KNOCKS in the GROWING COMMUNITY of Salisbury! This versatile property offers an EXCITING OPPORTUNITY to establish a SMALL BUSINESS in a HIGH-VISIBILITY, CONVENIENT LOCATION while still having the OPTION TO LIVE ON-SITE in the SECOND UNIT. Whether you're envisioning a small professional office, retail space, service-based business, or another venture that suits the location and permitted zoning, this property offers FLEXIBILITY and POTENTIAL. Need more parking for customers or staff? The HUGE FRONT LAWN offers the possibility of being TRANSFORMED INTO A PARKING LOT, subject to required approvals, creating more potential for your business. Inside, you'll find TWO FULL KITCHENS, TWO FULL BATHROOMS, and a SEPARATE ENTRANCE for the SECOND UNIT, ideal for a LIVE-WORK SETUP, MULTI-GENERATIONAL LIVING, or additional INCOME POTENTIAL. Enjoy YEAR-ROUND COMFORT with new DUCTLESS MINI-SPLITS ON EACH LEVEL and an AIR EXCHANGER. Recent improvements include PROFESSIONAL PAINTING and ELECTRICAL UPDATES, including BRAND NEW SWITCHES AND RECEPTACLES throughout. VINYL WINDOWS AND VINYL SIDING add to the home's practical appeal. Outside, the OVERSIZED LOT features MATURE TREES, a GREENBELT AT THE REAR, GRAPES GROWING OUT BACK, and plenty of outdoor space. LOCATION IS EVERYTHING, and this property puts you STEPS FROM THE GROCERY STORE, CHURCHES, SCHOOLS, and LOCAL AMENITIES, with MONCTON ONLY 15 MINUTES AWAY and HIGHWAY ACCESS approximately 4 minutes from your doorstep. Salisbury continues to GROW, offering a welcoming small-town atmosphere, local businesses, restaurants, banking, and schools, with a NEW POLICE STATION UNDER CONSTRUCTION and a NEW FIRE STATION adding to the community's development. Whether you're an ENTREPRENEUR, INVESTOR, or someone who wants to LIVE AND WORK IN THE SAME LOCATION, this property offers a UNIQUE OPPORTUNITY in a COMMUNITY ON THE RISE! Call your favorite REALTOR® to book your private viewing today! (id:66811)

Financial sandbox

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Estimate
Purchase price$330K
Down payment30% · $99K
Interest rate6.25%
Amortization25 years
Occupancy91%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$21K

Annual cash flow

$2K

Cash-on-cash

2.30%

DSCR

1.12

Going-in cap

6.23%

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

76,251

Households

32,946

Median income

$63,500

Median age

37.4

Daytime population

103,053

5-yr growth

6.1%

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

Secure deal room

Confidential diligence documents for 3064 Main Street, Salisbury.

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.