For Sale · Specialty

1 Woodlawn Road, Dorchester

1 Woodlawn Road, Dorchester, NB E4K3A6

$199,500 total

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Asset Class

Specialty

Size

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Building class

B

Zoning

US — Urban Services

$ / SF

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Occupancy

96%

Lot Size

0.26044884181810096 ac

About this property

COMMERCIAL BUILDING (AND BUSINESS) IN THE HEART OF THE VILLAGE OF DORCHESTER! This building could be a commercial or residential building, or a combination of the two! Featuring a fully equipped commercial kitchen, and restaurant space with a main dining area, a smaller dining area, a smaller second kitchen, a half bathroom, and storage closet. There is also a large finished loft space perfect for extra storage or a getaway. The basement is a full 4'8 dry concrete foundation which offers fantastic storage space as well. On the exterior is a large new deck for outdoor dining, and ample parking with parking at the front of the building as well as a parking lot on the side that extends to the neighbouring home. This sale can include the 'Village Square Take-Out', a well established restaurant located on the scenic route between Sackville and Memramcook and only 30 minutes to Moncton! This building has been impeccably maintained and updated, turn-key for a new owner! The building has two 100-amp entrances (one for kitchen and one for the opposite side), and is operated with natural gas, natural gas fireplace, and electric heat. (id:66811)

Financial sandbox

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Estimate
Purchase price$200K
Down payment30% · $60K
Interest rate6.25%
Amortization25 years
Occupancy96%
Expense growth2.5%

Monthly debt service

$921

Projected NOI

$13K

Annual cash flow

$2K

Cash-on-cash

2.88%

DSCR

1.16

Going-in cap

6.40%

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

43,662

Households

20,437

Median income

$125,500

Median age

36.2

Daytime population

39,526

5-yr growth

3.5%

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

Secure deal room

Confidential diligence documents for 1 Woodlawn Road, Dorchester.

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.