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$539,000 total
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Asset Class
Specialty
Size
—
Building class
B
Zoning
US — Urban Services
$ / SF
—
Occupancy
100%
Lot Size
5.4 ac
Welcome to the former Covered Bridge Visitor Info Center! This unique 5 acre site is fully developed and could be the ideal location for your next big residential or commercial venture! Strategically located at the crossroad of Trans-Canada Hwy#2 and Route 10, which services both local residents and visitors travelling to neighboring provinces and to popular NB sites such as Grand Lake, Cambridge Narrows, Coles Island, Fundy National Park, Sussex, and beyond. Located halfway between Moncton & Fredericton, with average daily traffic counts (AADT) estimated at 17,000 vehicles, peaking at 30,000+ vehicles during summer months due to increased vacation travel. The main building has ~2,000 square feet of space and previously operated as a provincial Visitor Information Center. It was designed to look like an iconic NB Covered Bridge in a beautiful park like setting. Featuring commercial grade construction, high ceilings with attractive cedar beams, hemlock flooring, and large windows offering natural lighting and scenic nature views. The building has been renovated with 3 new washrooms and a new kitchen space. A new heat pump for efficient heating and cooling has just been added. The site has a large paved driveway and parking lot, drilled well, underground electrical services, and a commercial grade septic system with lift station. Available documents include: site plan, building floor plans, septic system diagram, and original engineering drawings. (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$2K
Projected NOI
$45K
Annual cash flow
$15K
Cash-on-cash
9.13%
DSCR
1.49
Going-in cap
8.28%
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.
Trade area within 3 miles of the property.
Population
138,074
Households
61,047
Median income
$112,000
Median age
34.3
Daytime population
220,616
5-yr growth
6.7%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 11001 Route 10, Youngs Cove.
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.