Business For Sale · Specialty

2697 Barronsfield Road, River Hebert

2697 Barronsfield Road, River Hebert, NS B0L1G0

$124,900 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

94%

Lot Size

0.3549 ac

About this property

Welcome to 2697 Barronsfield Road, a well-maintained former church and fellowship hall featuring over 2,000 sq. ft. on about 0.35 acres in River Hebert! Located along Barronsfield Road with easy access toward Highway 242 and the Joggins area. Step in through the main entrance into a reception area that opens into a large gathering hall with a vaulted wood ceiling and plenty of natural light from the newer windows. The main level also includes a full kitchen with ample cabinetry and two double sinks, well suited for community events or conversion. Downstairs you will find several partitioned rooms that have served as Sunday school, offices, meeting space, and storage, along with two washrooms. A wheelchair-accessible ramp leads to an alternate entrance. This building has seen solid updates, including a new metal roof (2018), new windows (2017), water lines upgraded to PEX (2019), a new well pump (2025), and a drilled well. Heated by an oil furnace with a fiberglass oil tank manufactured in 2014, and electrical is a 100-amp breaker panel. Though the property is not connected at this time, there is municipal sewer available. A practical fit for a community hall, non-profit or studio space, residential conversion, or anyone wanting a flexible building with real updates already done. Book your showing today, you'll be glad you did! (id:66811)

Financial sandbox

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Estimate
Purchase price$125K
Down payment30% · $37K
Interest rate6.25%
Amortization25 years
Occupancy94%
Expense growth2.5%

Monthly debt service

$577

Projected NOI

$7K

Annual cash flow

$471

Cash-on-cash

1.26%

DSCR

1.07

Going-in cap

5.92%

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

46,002

Households

16,680

Median income

$87,500

Median age

44.4

Daytime population

67,810

5-yr growth

4.1%

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

Secure deal room

Confidential diligence documents for 2697 Barronsfield Road, River Hebert.

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.