Business For Sale · Retail

222-226 Main Street, Liverpool

222-226 Main Street, Liverpool, NS B0T1K0

$249,900 total

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Asset Class

Retail

Size

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Building class

A

Zoning

CSC — Shopping Centre

$ / SF

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Occupancy

92%

Year Built

1922

Lot Size

0.1483 ac

About this property

An excellent investment opportunity awaits in the heart of downtown Liverpool! Located at 222 - 226 Main Street, this long-standing commercial property offers character, charm and tremendous potential for the savvy investor. The spacious main level is currently leased to a successful salon and features beautiful hardwood floors, original tin ceilings and an abundance of historic character. The open concept layout includes a secondary area offering additional privacy, along with a small kitchenette, bathroom and laundry area. Upstairs, a separate space presents exciting possibilities for future development. Featuring a large open concept area, a small kitchenette, bathroom and storage space, this level could potentially accommodate a second commercial venture or be converted into residential apartments, subject to necessary approvals. The building has benefited from several improvements, including exterior facade upgrades, a newer roof and updates to the sprinkler system. Two separate electrical services are currently in place, adding flexibility for future uses. Some parking is available behind the building, with additional public parking conveniently located across the street behind the historic Astor Theatre and in the large parking lot off Henry Hensey Drive. Situated in a prime Main Street location, surrounded by shops, restaurants and other downtown amenities, this property offers a fantastic opportunity to generate rental income while exploring its untapped potential. Whether you're looking to expand your commercial investment portfolio or envision a mixed-use property with both commercial and residential spaces, 222 - 226 Main Street is a property worth exploring! (id:66811)

Financial sandbox

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Estimate
Purchase price$250K
Down payment30% · $75K
Interest rate6.25%
Amortization25 years
Occupancy92%
Expense growth2.5%

Monthly debt service

$1K

Projected NOI

$14K

Annual cash flow

$487

Cash-on-cash

0.65%

DSCR

1.04

Going-in cap

5.74%

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

43,870

Households

19,755

Median income

$124,000

Median age

37.5

Daytime population

56,832

5-yr growth

4.6%

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

Secure deal room

Confidential diligence documents for 222-226 Main Street, Liverpool.

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.