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For Sale · Specialty

56 King Street, Saint John

56 King Street, Saint John, NB E2L1G4

$1.2M total

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Asset Class

Specialty

Size

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Building class

A

Zoning

US — Urban Services

$ / SF

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Occupancy

90%

Lot Size

0.03232323232323232 ac

About this property

Hardwood floors, exposed brick on all 4 levels, and large wide open spaces with mainly 12' ceilings is what you'll find here. A clean slate for you to create commercial spaces such as storefronts, cafes, art galleries, or of course apartments. This prime location in the uptown of Saint John core will bring a continuous stream of patrons to your doorstep. 14,632 square feet of above grade square footage offered here. The basement provides an additional 3500+ feet of storage. Turn this historic property into your big money maker and let you and your family enjoy the rewards for multiple generations to come. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.20M
Down payment30% · $360K
Interest rate6.25%
Amortization25 years
Occupancy90%
Expense growth2.5%

Monthly debt service

$6K

Projected NOI

$78K

Annual cash flow

$12K

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

51,852

Households

24,563

Median income

$135,500

Median age

39.7

Daytime population

59,856

5-yr growth

6.1%

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

Secure deal room

Confidential diligence documents for 56 King Street, Saint John.

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.