1/22140 Main Street, ST. ALBANS
140 Main Street, ST. ALBANS, Newfoundland & Labrador A0H2E0
$549,000 total
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Asset Class
Multifamily
Size
—
Building class
A
Zoning
RA9 — High Rise
$ / SF
—
Occupancy
100%
Year Built
1998
About this property
Welcome to Hotel St. Albans, located in the scenic town of St. Albans, just 15 km from the Newfoundland and Labrador Hydro site gate and surrounded by growing industrial and aquaculture activity. This well-established and profitable operation offers an excellent opportunity for anyone looking to step into a turnkey business in a developing area. The main building features 11 guest rooms, along with a full kitchen, laundry room, and a spacious dining area that can accommodate up to 40 people. In addition, the property includes a 6-room motel built in 2012, with each room offering a king bed and full private washroom, as well as six cabins built in 2010, consisting of three single units and three double units. Recent upgrades include new windows and siding on the main building, and the property is supported by a 600-amp electrical service in the main building. Ideally located next to the community centre and directly across from a gas station, this property offers excellent accessibility and steady demand. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$3K
Projected NOI
$29K
Annual cash flow
$-2K
Cash-on-cash
-1.05%
DSCR
0.94
Going-in cap
5.23%
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
41,978
Households
17,405
Median income
$137,500
Median age
40.3
Daytime population
65,342
5-yr growth
5.7%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 140 Main Street, ST. ALBANS.
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.