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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$425,000
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
This 4.72-acre development opportunity, consisting of four parcels along Hillsborough Road in Riverview, is perfectly positioned to capitalize on the rapid population growth in the Maritime region of Atlantic Canada. This Waterfront property with breathtaking views overlooking Moncton and the Petitcodiac River and direct access to the national walking trail, offers a prime location for both investors and developers. The site is zoned as Suburban Commercial on Hillsborough and R1 on the lower portion, providing a versatile foundation for a range of development projects. Located within the Riverview Point Park District, the property ensures excellent visibility and accessibility, directly connecting to the Moncton Bridge and all urban conveniences of Riverview. Its just a short distance from essential services like grocery stores, pharmacies, and schools, enhancing the appeal for residential or mixed-use developments. The proximity to the Petitcodiac River and its scenic riverfront walking trail adds a unique recreational benefit. Moreover, this site is only 2.5 KM from the Gunningsville Bridge, offering expedient access to the vibrant downtown area of Moncton. With a consumer base of over two million people within a 300-kilometre radius, the potential for success is significant. Dont miss the chance to be at the forefront of development in one of Atlantic Canadas most dynamic regions. (id:39198)
Location
Province
New Brunswick
City
Riverview
Address
617 Hillsborough Rd
Postal Code
E1B3V8
Location Highlights
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Listed by
Platinum Atlantic Realty Inc. 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
$425,000
Asking Price
$425,000
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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