Business For Sale · Specialty

224 Morgan Road, Hilden

224 Morgan Road, Hilden, NS B0N1C0

$79,900 total

—

Asset Class

Specialty

Size

—

Building class

C

Zoning

US — Urban Services

$ / SF

—

Occupancy

91%

Year Built

1990

Lot Size

5.73 ac

About this property

Positioned at approximately 600 feet above sea level, this 5.73-acre property in Central Nova Scotia comes fully equipped with substantial site preparation, power, and tower infrastructure already in place. Zoned Rural General (RG) in Colchester County, the land offers broad flexibility for commercial utility operators, local wireless internet service providers, contractors needing a secure compound, or private buyers seeking a high-power workshop setup. ?The property features a 300-foot commercial guyed lattice tower built by LeBlanc and Royale (97.5m), complete with an anti-climb safety barrier, built-in fall-arrest safety line, and a solid-state LED aviation strobe system. Adjacent to the tower is a climate-controlled 10x14 NRB factory-engineered steel equipment building set on solid concrete footings, equipped with air conditioning and power ventilation. ?Utilities are established on-site, including underground electrical power running directly to the shelter and fiber internet wired to the building from the roadside. Access is secured via a deeded 66-foot right-of-way easement off a maintained public road, and under Colchester land-use bylaws, telecommunications structures are explicitly permitted on right-of-way access. ?Replicating this site prep, underground utility work, fiber connection, shelter, and 300-foot tower from scratch would require a significant capital investment. This turnkey site is offered at $79,900 for an immediate handover. Please note the property is currently assessed commercial for municipal tax purposes due to the existing tower infrastructure. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$80K
Down payment30% · $24K
Interest rate6.25%
Amortization25 years
Occupancy91%
Expense growth2.5%

Monthly debt service

$369

Projected NOI

$5K

Annual cash flow

$833

Cash-on-cash

3.48%

DSCR

1.19

Going-in cap

6.58%

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

84,841

Households

38,518

Median income

$68,000

Median age

37.6

Daytime population

96,835

5-yr growth

2.9%

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

Secure deal room

Confidential diligence documents for 224 Morgan Road, Hilden.

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.