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Land For Sale at Lot Ryan Avenue And St Anne ST in Bathurst, New Brunswick

4 Sale ID #125871
Updated 27 Apr 2024

Asking Price

$2,950,000

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

Lot Size

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Building Size

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Premise Summary

This is an exceptional opportunity for a mixed-use development featuring residential and commercial. Dawson Brook Development site is a 188.9-acre site comprising 4 parcels (PIDs: 20146494, 20048641, 20707097, 20161631). Of the overall site there's approximately ±115.70-acres of usable land with ±75 acres zoned R2 Residential, ±12.4 acres zoned R3 and ±28.3 acres zoned commercial. The commercial portion fronts St. Anne Street and has exceptional exposure/visibility with several retailers such as Kent, Walmart, Dollarama and more, calling this key artery home. The R2/R3 portions are close to CCNB Campus, Squire Creek Golf Course and École Secondaire Népisiguit, making it a highly desirable residential area. The owner already has conceptual plans which outline how many single-unit and multi-unit rooftops would be capable (available to qualified buyers). The plans show the potential of incorporating the existing Dawson Brook and walking trails to provide a lovely community with access to green space. The Municipal water system may potentially be accessed from either St. Anne Street or from Highland Avenue. With a growing population, Bathurst is the largest city in Northern New Brunswick and is the 4th largest metropolitan area in the Province of New Brunswick. The City of Bathurst overlooks Nepisiguit Bay, part of Chaleur Bay, making it a very picturesque location to live and visit. (id:39198)

  • MLS® : #M150414
  • Date Listed : 10 Mar 2023

Location

Province

New Brunswick

City

Bathurst

Address

Lot Ryan Avenue And St Anne St

Postal Code

E2A0A3

Location Highlights

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Listed by

Platinum Atlantic Realty Inc. New Brunswick 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

N/A

Financial Information

Yearly Rate

$2,950,000

Asking Price

$2,950,000

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

N/A

Absentee Owner

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Support and Training

Not Included

Growth and Expansion

N/A

Market Competition

N/A


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