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Business For Sale · Retail

180 Water Street, Saint Andrews

180 Water Street, Saint Andrews, NB E5B1B2

$599,000 total

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Asset Class

Retail

Size

—

Building class

B

Zoning

CNC — Neighbourhood Commercial

$ / SF

—

Occupancy

92%

Lot Size

0.11 ac

About this property

Enjoy an unbeatable location in the heart of Saint Andrews vibrant tourist district, surrounded by local attractions, shops, restaurants, and everyday conveniences. Showcasing exceptional traditional East Coast curb appeal, this distinctive property presents an incredible opportunity to acquire the commercial real estate only, with an established business already in place. The thriving coffee shop/restaurant currently occupying the commercial space is not for sale and will remain as a tenant under an existing lease agreement, providing the new owner with immediate rental income. An ideal opportunity for investors seeking a turnkey, income-producing commercial property without the responsibilities of operating a business. The commercial space features a stylish modern-retro design, an attractive service counter, and ample customer seating arranged across multiple levels. Beautiful wood flooring adds warmth and character, while the fully equipped commercial kitchen, storage areas, and dedicated office provide excellent functionality for continued commercial use. Further enhancing the investment appeal are two separate residential rental units, a spacious four-bedroom, two-bathroom apartment and a two-bedroom, one-bathroom apartment. Both units feature their own dedicated laundry facilities. With an established rental history and multiple income streams from the commercial and residential components, this property offers an attractive investment opportunity in one of New Brunswicks most desirable coastal communities. A rare chance to own income-generating real estate in a prime downtown location and benefit from Saint Andrews thriving tourism market. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$599K
Down payment30% · $180K
Interest rate6.25%
Amortization25 years
Occupancy92%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$33K

Annual cash flow

$166

Cash-on-cash

0.09%

DSCR

1.01

Going-in cap

5.57%

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

140,815

Households

62,985

Median income

$117,000

Median age

34.7

Daytime population

175,312

5-yr growth

6.1%

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

Secure deal room

Confidential diligence documents for 180 Water Street, Saint Andrews.

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.