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For Lease · Specialty

267 Metcalf Street, Saint John

267 Metcalf Street, Saint John, NB E2K1K7

Price on request

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Asset Class

Specialty

Size

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Building class

A

Zoning

US — Urban Services

$ / SF

—

Occupancy

89%

Lot Size

0.8036042240587695 ac

About this property

An exceptional leasing opportunity in a highly visible North End location! Situated on a large corner lot with approximately 215 feet of frontage on Lansdowne Avenue and 150 feet on Metcalf Street, this property offers outstanding exposure and accessibilityideal for a business that benefits from high traffic and maximum visibility. The impressive 35,005 sq. ft. lot provides plenty of space for customer and inventory parking, vehicle display, or additional operational needs. The property features an approximately 2,500 sq. ft. commercial building with three garage/auto bays, making it especially well suited for automotive-related businesses, service operations, car sales, or other commercial uses. Zoned CG (General Commercial), the property offers flexibility for a variety of potential business opportunities, subject to permitted uses. Large commercial corner lots of this size, with this amount of frontage, parking, and exposure, are increasingly difficult to find in the citys North End. Whether you're looking to establish a car sales lot, automotive business, service operation, or another high-visibility commercial venture, this property delivers the space, location, and exposure to help your business stand out. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$75K

Annual cash flow

$-8K

Cash-on-cash

-1.83%

DSCR

0.90

Going-in cap

4.99%

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

134,605

Households

55,234

Median income

$132,500

Median age

35.8

Daytime population

226,986

5-yr growth

1.5%

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

Secure deal room

Confidential diligence documents for 267 Metcalf 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.