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Land For Sale at 176 Murphys Road in Murphy Cove, Nova Scotia

4 Sale ID #170873
Updated 03 May 2024

Asking Price

$400,000

Cap Rate help 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

6.24 Acres of pristine oceanfront running east to west, almost entirely surrounded by ocean and awaiting its new dreamer. There are 2 sheltered coves: Deep cove on the Southern shore and Monk's Cove (Murphy's Cove) on the Northern side. Two driveway bases are in but require some clean-up. The lower driveway is approx 560' and runs along the shoreline of Murphy's Cove to the old homestead portion of the land that used to have a full home with (beautiful views) well and septic. The home is torn down now and requires a clean up. The upper driveway is approx. 350' and leads to a clearing with an old well that has been filled in for safety reasons, a full concrete pad for a garage or small cottage and beautiful views with some clearing. The property is geographically named "Dogfish Point" a unique feature rare with Nova Scotia private properties. The property provides direct access and view of some of the 100 Wild Islands which is part of the protected Eastern Shore Islands Wilderness Area, noted for their historical and ecological significance and have been featured in Canadian Geographic. These islands offer sheltered coves of turquoise water with pristine white sand beaches, dramatic windswept headlands, and unique boreal rainforests, bogs, and barrens, as well as a rich diversity of seabirds, songbirds, and shorebirds. Approx. 70 km east of this property is Sherbrooke village and Port Hilford (please google both) awarded a preferred location for the 2020 Whale Sanctuary Project for retired belugas and possibly orcas. The Marine Drive on the Eastern Shore of Nova Scotia is largely undiscovered and one of the most pristine, photogenic and unspoiled coastlines in the province. I cannot say enough about this gorgeous land and area! Bring your hiking shoes and be ready to be impressed. (id:39198)

  • MLS® : #202306194
  • Date Listed : 14 Apr 2023

Location

Province

Nova Scotia

City

Murphy Cove

Address

176 Murphys Road

Postal Code

B0J2L0

Location Highlights

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Listed by

Exit Realty Metro Nova Scotia listing

Category

land

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

0

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 help Furniture, Fixtures & Equipment that remain with the business.

Not Included

Inventory Value - approximate help 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

$400,000

Asking Price

$400,000

Cap Rate help 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.

N/A

NOI help 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 help 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 help Earnings Before Interest, Taxes, Depreciation, Amortization.

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Premises Size (square feet)

0

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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