Business For Sale · Industrial

331 HWY#6 Highway, East Amherst

331 HWY#6 Highway, East Amherst, NS B4H3Y2

$99,900 total

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Asset Class

Industrial

Size

—

Building class

A

Zoning

IM — Medium Industrial

$ / SF

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Occupancy

89%

Year Built

1945

Lot Size

1.1111 ac

Clear height

25 ft

Loading docks

12

About this property

For under $100,000yes, you heard that right! Situated on approximately 1.1 acres and offering both commercial and residential uses, this property is a great investment opportunity with plenty of potential. The main residential building contains three apartments: one one-bedroom unit and one three-bedroom unit on the second floor, plus another three-bedroom unit on the ground floor. The property also includes commercial retail space and a large two-storey warehouse-style building offering space for business operations or storage. The warehouse includes an area with a large bay door, several individual storage units, and additional space with further potential. With work and improvements, this property could become a great income-producing investment. The property is being sold in as-is condition. (id:66811)

Financial sandbox

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Estimate
Purchase price$100K
Down payment30% · $30K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$461

Projected NOI

$5K

Annual cash flow

$-233

Cash-on-cash

-0.78%

DSCR

0.96

Going-in cap

5.31%

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

102,577

Households

48,141

Median income

$76,500

Median age

41.4

Daytime population

134,919

5-yr growth

6.7%

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

Secure deal room

Confidential diligence documents for 331 HWY#6 Highway, East Amherst.

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.