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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$645,000
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
N/A
Premise Summary
An exceptional opportunity awaits in Riverview! Introducing a premier turnkey propertya remarkable investment featuring three lucrative rental incomes. Nestled on bustling Coverdale Road, 508 Coverdale Road hosts a trio of fully occupied tenants, with two thriving businesses on the ground floor and a spacious three-bedroom apartment above. Strategically positioned near the newly updated The Honourable Brenda Robertson Bridge, this property enjoys prime visibility and effortless accessibility, making it a sought-after destination for businesses, while its proximity to amenities ensures unmatched desirability for residents. Offering immediate rental income and promising appreciation potential, savvy investors looking to capitalize on Riverview's flourishing market shouldn't delay. Take the next stepreach out to your trusted REALTOR® today and explore this enticing opportunity! (id:39198)
Location
Province
New Brunswick
City
Riverview
Address
508 Coverdale Rd
Postal Code
E1B3K4
Location Highlights
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Listed by
RE/MAX Quality Real Estate Inc. New Brunswick listing
Category
Property Information
Premise Status
Includes REAL ESTATE
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
3,600
Year Built
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Years Remaining in Current Lease Term
N/A
Renewal Options
N/A
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
N/A
Financial Information
Yearly Rate
$645,000
Asking Price
$645,000
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.
N/A
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)
3,600
Other Information
Owner willing to Finance
No
Absentee Owner
No
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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Why this Marketplace was Created
Frustrated by the timely process of searching for businesses and commercial properties on the market, the founders at Businesses 4 Sale created a platform to transform the business/commercial property buying and selling experience. The database compiles the most relevant information from multiple industry sources, making it easy for future business/commercial property owners and sellers to find exactly what they are looking for.
