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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$399,000
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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Lot Size
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Building Size
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Premise Summary
An exceptional opportunity awaits with this versatile property with endless potential. Originally constructed as a place of worship, the building has been well maintained and is move-in ready for religious use, but its flexible design and adaptable layout make it equally suited for a wide variety of alternative uses. Whether youre an investor, developer or business owner, this property offers unmatched potential. With solid construction, open layouts and ample parking, the property could be well-suited for multiple uses. It is move-in ready for another congregation looking for a modern space; the spacious gathering areas and a welcoming atmosphere make it ideal for immediate religious use. Safe, open areas provide the perfect setting for classrooms and indoor play. Convenient pickup/drop-off zone areas and proximity to family-friendly neighborhoods make it a natural fit for a licensed childcare facility. The quiet surroundings, accessible layout, and adaptable interior spaces offer strong potential for conversion into a comfortable and supportive environment for seniors. With ample room for therapy suites, treatment rooms, or patient accommodations, this building could be transformed into a specialized healthcare or rehabilitation center. For developers, the structures open floor plan makes it an exciting candidate for a unique residential home or multi-unit conversion. Whether used as is or reimagined for a new purpose, this property offers many possibilities! (id:39198)
Location
Province
New Brunswick
City
Grand Bay westfield
Address
Kingdom
Postal Code
E5K4X3
Location Highlights
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Listed by
Royal LePage Atlantic New Brunswick listing
Category
Property Information
Premise Status
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With Accommodation
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Tenancy
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Lot Size
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Available Space
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Building Size
2,935
Year Built
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Years Remaining in Current Lease Term
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Renewal Options
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Operational Information
Number of Working Owners
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Current Owner - years
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FF & E
Furniture, Fixtures & Equipment that remain with the business.
Not Included
Inventory Value - approximate
Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.
Not Included
Franchise
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Financial Information
Yearly Rate
$399,000
Asking Price
$399,000
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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NOI
Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.
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Gross Revenue- annual
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Cash Flow - annual
1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
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EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
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Premises Size (square feet)
2,935
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
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Market Competition
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