Business For Sale · Retail

528 Main Street, Montague

528 Main Street, Montague, PE C0A1R0

$969,000 total

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Asset Class

Retail

Size

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Building class

C

Zoning

CB1 — Low Intensity Business

$ / SF

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Occupancy

86%

Year Built

1990

Lot Size

0.46 ac

About this property

Commanding exceptional visibility in the vibrant heart of downtown Montague, this premier 0.46-acre commercial property represents a rare acquisition for the sophisticated investor. Featuring outstanding transport connectivity, a spacious yard, and 23 paved parking spaces designed to handle high-volume traffic effortlessly, this asset is built for enduring commercial success. A seamless turnkey opportunity structured as a share sale, encompassing both the real estate property and the established operating businesses. Spanning 4,020 sq. ft. across two functional levels, the building delivers a rock-solid income stream anchored by a thriving, 20-year Pizza Delight franchise on the main floor, complemented by a popular local casual bar on the lower level. Benefit from an established, loyal customer base, heavy foot and vehicular traffic, and unbeatable downtown exposure. To facilitate a streamlined acquisition, the vendor is open to Vendor Take-Back (VTB) Financing options for qualified buyers. Whether you are looking to secure a high-yield, cash-flowing asset for your portfolio or capture a generational commercial holding with significant value appreciation, this Montague cornerstone is an absolute must-see. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$969K
Down payment30% · $291K
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$51K

Annual cash flow

$-3K

Cash-on-cash

-0.87%

DSCR

0.95

Going-in cap

5.28%

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

142,939

Households

57,394

Median income

$128,000

Median age

37.3

Daytime population

154,341

5-yr growth

9%

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

Secure deal room

Confidential diligence documents for 528 Main Street, Montague.

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.