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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
Prime Acreage with Future Development Potential in Highly Desirable Community Presenting an exceptional opportunity for subdivision development, this prime acreage is ideally situated between Fredericton and Oromocto, offering convenient access from the village of New Maryland, the town of Oromocto, and the city of Fredericton, all within a mere 10-minute drive. The property boasts 61 +/- Acres of prime developable land in the ever growing Rusagonis community, with two access points off the Wilsey Road and one off Route 655 Hwy this property is ideally set-up to incorporate 40+ 1 acre lots or which ever your desired subdivision plan. For builders seeking a promising land/home package investment or aspiring developers venturing into subdivision development, this opportunity holds great potential. The property owner has taken proactive measures to enhance the site, including the commencement of road improvements, further solidifying its appeal. Don't miss out on this exceptional investment prospect to secure a foothold in the thriving realm of subdivision development. This is an opportunity that does not present itself often. **Please note that the current PID 60148822 will be sub divided prior to closing at the vendors expense in which 4.5 acres of ground will be subdivided and retained by the Current vendor, a new PID# will be registered and there will be approximately 61 acres included in the purchase** (id:39198)
Location
Province
New Brunswick
City
Rusagonis
Address
/ Wilsey Road
Postal Code
E3B8H9
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
$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)
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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