Business For Sale · Land

0 Conception Bay Highway, Western Bay

0 Conception Bay Highway, Western Bay, Newfoundland & Labrador A0A4J0

$299,999 total

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Asset Class

Land

Size

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Building class

C

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

87%

About this property

Here’s an exciting opportunity to own and continue operating an established sod farm in Western Bay! Situated on over 40 acres of land, this unique property offers plenty of potential for someone looking to expand or establish an agricultural business. With an existing demand for sod in the surrounding community, there is an opportunity to build on the farm’s established presence and customer interest. The equipment needed to continue the sod farming operation is also available for purchase with the sale, providing a convenient opportunity for a buyer to step into an existing business and continue operations. Whether you’re an experienced agricultural operator or looking for a unique business venture, this property offers land, equipment, and opportunity all in one package. (id:66811)

Financial sandbox

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Estimate
Purchase price$300K
Down payment30% · $90K
Interest rate6.25%
Amortization25 years
Occupancy87%
Expense growth2.5%

Monthly debt service

$1K

Projected NOI

$11K

Annual cash flow

$-6K

Cash-on-cash

-6.45%

DSCR

0.65

Going-in cap

3.61%

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

56,310

Households

20,050

Median income

$84,000

Median age

44.7

Daytime population

53,788

5-yr growth

0.9%

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

Secure deal room

Confidential diligence documents for 0 Conception Bay Highway, Western Bay.

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.