15 Lower McLean Street, Glace Bay15 Lower McLean Street, Glace Bay — photo 215 Lower McLean Street, Glace Bay — photo 315 Lower McLean Street, Glace Bay — photo 415 Lower McLean Street, Glace Bay — photo 515 Lower McLean Street, Glace Bay — photo 615 Lower McLean Street, Glace Bay — photo 715 Lower McLean Street, Glace Bay — photo 815 Lower McLean Street, Glace Bay — photo 915 Lower McLean Street, Glace Bay — photo 1015 Lower McLean Street, Glace Bay — photo 1115 Lower McLean Street, Glace Bay — photo 1215 Lower McLean Street, Glace Bay — photo 1315 Lower McLean Street, Glace Bay — photo 1415 Lower McLean Street, Glace Bay — photo 1515 Lower McLean Street, Glace Bay — photo 1615 Lower McLean Street, Glace Bay — photo 1715 Lower McLean Street, Glace Bay — photo 1815 Lower McLean Street, Glace Bay — photo 1915 Lower McLean Street, Glace Bay — photo 2015 Lower McLean Street, Glace Bay — photo 2115 Lower McLean Street, Glace Bay — photo 2215 Lower McLean Street, Glace Bay — photo 2315 Lower McLean Street, Glace Bay — photo 2415 Lower McLean Street, Glace Bay — photo 2515 Lower McLean Street, Glace Bay — photo 2615 Lower McLean Street, Glace Bay — photo 2715 Lower McLean Street, Glace Bay — photo 2815 Lower McLean Street, Glace Bay — photo 2915 Lower McLean Street, Glace Bay — photo 3015 Lower McLean Street, Glace Bay — photo 3115 Lower McLean Street, Glace Bay — photo 3215 Lower McLean Street, Glace Bay — photo 3315 Lower McLean Street, Glace Bay — photo 3415 Lower McLean Street, Glace Bay — photo 3515 Lower McLean Street, Glace Bay — photo 3615 Lower McLean Street, Glace Bay — photo 3715 Lower McLean Street, Glace Bay — photo 3815 Lower McLean Street, Glace Bay — photo 39
1/39
Business For Sale · Specialty

15 Lower McLean Street, Glace Bay

15 Lower McLean Street, Glace Bay, NS B1A2K5

$450,000 total

—

Asset Class

Specialty

Size

—

Building class

A

Zoning

US — Urban Services

$ / SF

—

Occupancy

97%

Year Built

1986

Lot Size

0.1377 ac

About this property

A rare opportunity to acquire a flexible mixed-use building offering commercial space on the main level and a separate residential unit above. With approximately 3,000 sq. ft. of total space, on-site parking, and a layout that supports a variety of professional, office, service, or healthcare uses, this property is well suited for owner-occupiers and investors alike. The main floor is currently configured as professional office space with multiple private rooms, a reception area, and support spaces, while the upper level features a self-contained 2-3 bedroom apartment with its own entrance. The combination of commercial and residential components creates multiple possibilities, whether you're looking to operate a business on-site, generate rental revenue, or add a versatile income-producing property to your portfolio. Centrally located in Glace Bay and offering excellent exposure and accessibility, this property is positioned to serve a variety of business and investment objectives. Whether your focus is business ownership, investment, or future redevelopment potential, this property offers the rare combination of commercial functionality and residential flexibility in one well-positioned package. Dental equipment is not included in the sale and may be available through separate negotiation. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$450K
Down payment30% · $135K
Interest rate6.25%
Amortization25 years
Occupancy97%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$29K

Annual cash flow

$4K

Cash-on-cash

3.20%

DSCR

1.17

Going-in cap

6.50%

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

106,630

Households

39,396

Median income

$99,500

Median age

31.8

Daytime population

171,720

5-yr growth

5%

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

Secure deal room

Confidential diligence documents for 15 Lower McLean Street, Glace Bay.

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.