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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$549,900
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
Welcome to 59 Ohio Road in Shediac. PRIME LOCATION IN HIGH TRAFFIC AREA WITH PLENTY OF EXPOSURE!! CLOSE TO THE HIGHWAY!! The property was previously used as a dog groomer and training studio but has endless possibilities. The main level is currently two commercial units that could easily be opened to create one large unit. Both sides have a front door and access to the back warehouse space. The main level also offers an office, bathroom, laundry area and plenty of storage space. The second level is a residential unit with access from the back of the building and is currently used as an Airbnb. This open concept unit features a bright living room with mini-split and private balcony, dining area and kitchen with island and ample cupboard and countertop space. The unit has 2 bedrooms including a large primary bedroom with mini-split and walk-in closet. There is also a full bath and separate laundry room. Additional features include: many water hookups throughout the units. Private parking at the front of the property with additional parking at the back. The main and top units are separated by a cement floor to reduce noise from the commercial unit. The residential unit has a separate 200-amp panel. The property is close to Parlee Beach and all Shediac amenities. This is a great investment opportunity in an ideal location. Call for more details or to book your private viewing. (id:39198)
Location
Province
New Brunswick
City
Shediac
Address
59 Ohio Rd
Postal Code
E4P2J8
Location Highlights
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Listed by
Creativ Realty 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
2,988
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
N/A
Financial Information
Yearly Rate
$549,900
Asking Price
$549,900
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)
2,988
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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