For Sale · Specialty

11001 Route 10, Youngs Cove

11001 Route 10, Youngs Cove, NB E4C2G5

$539,000 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

100%

Lot Size

5.4 ac

About this property

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)

Financial sandbox

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Estimate
Purchase price$539K
Down payment30% · $162K
Interest rate6.25%
Amortization25 years
Occupancy100%
Expense growth2.5%

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.

Area demographics

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.

Secure deal room

Confidential diligence documents for 11001 Route 10, Youngs Cove.

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.