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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$2,250,000
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
Superior investment opportunity for now and in the future! Ripe with great potential in the very popular community of Irishtown. This 110 acre property is available for it's next investor to develop and or sale of residential building lots or homes. This is truly "a one of a kind property" and is situated with approximately 600 feet of road frontage on Route 115 Irishtown Road. The property also moves west/southwest all the way back with approximately 900 feet of road frontage on Route 490 McLaughlin Road. The potential does not stop there! The land runs Northwest along the entire Maplewood Golf Course. There is building lot potential along four of the 18 holes. There is a small spring fed pond in the middle of the property approximately 30 feet in diameter. This property is zoned currently as "mixed use farm". There is currently a 50 year old 3 bedroom home on the property with well and septic. The home is certainly inhabitable. There are two barns in the front that are useable and one in the back that needs removed. There are also two wells separate from the home that support two of the barns. All buildings are sold as where is condition. Approximately 40 percent of the land is treed with hardwood not harvested by current owner and softwood with 20 year growth. Call today for your private viewing. (id:39198)
Location
Province
New Brunswick
City
Irishtown
Address
2532 Rte 115
Postal Code
E1H2M4
Location Highlights
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Listed by
Keller Williams Capital Realty 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
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
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
$2,250,000
Asking Price
$2,250,000
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)
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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