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Business For Sale · Retail

62 Water Street, Saint John

62 Water Street, Saint John, NB E2L5G1

$699,000 total

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Asset Class

Retail

Size

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Building class

A

Zoning

CB1 — Low Intensity Business

$ / SF

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Occupancy

98%

Lot Size

0.02693446276866509 ac

About this property

Prime Uptown Retail Location 62 Water Street, Saint John! Location, visibility, and opportunity all come together at 62 Water Street! Situated in the heart of Uptown Saint John, just steps from the entrance to Area 506 and the cruise ship terminals, this property offers an exceptional opportunity for any retail business looking to establish itself in a high-traffic, vibrant location. Featuring over 1,900 square feet of prime retail space, this property offers plenty of room to bring your business vision to life. The main level showcases beautiful open-beam ceilings, a blend of exposed brick and finished drywall, and an inviting storefront windows that provides excellent street presence and natural light. With its uptown location, proximity to major attractions, and steady flow of visitors, cruise ship passengers, and local foot traffic, 62 Water Street is ideally positioned to capture attention and welcome customers. Whether you're looking to launch a new retail concept, expand an existing business, or establish your presence in one of Saint John's most exciting commercial districts, this property is full of potential. Don't miss this opportunity to put your business in the heart of Uptown Saint John! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$699K
Down payment30% · $210K
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$46K

Annual cash flow

$7K

Cash-on-cash

3.43%

DSCR

1.19

Going-in cap

6.57%

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

53,773

Households

18,777

Median income

$131,500

Median age

40.4

Daytime population

81,184

5-yr growth

2.9%

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

Secure deal room

Confidential diligence documents for 62 Water 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.