Rotate your device back to portrait Mode!
Rotate your device back to portrait Mode!
BROKERS Register for FREE
BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,930,000
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
Lot Size
N/A
Building Size
N/A
Premise Summary
A wealth of potential in this uptown commercial building receiving a stable income from a couple of Saint Johns favourite spots. The ground floor is home to three leased commercial spaces generating $8700/month (you may know them as Java Moose, Juniper Lease until 2025 & Pub Down Under). Already constructed; a stunning penthouse suite and a pair of two bedroom apartments that come with a total of 2 parking spaces. Current rents are: Apt 3 vacant (expected rent $1750), Apt 4 $1750 (increase to $1800 Sept 1) and the Penthouse is being set-up for short-term rentals. TENANTS PAY POWER! The real treasure lies on the 2nd & 3rd floors, which have been gutted to the studs, with submitted permits and detailed construction plans already in place. Originally these floors were designed to house 7 apartments on each floor. However the potential is unlimited for a savvy developer. With a consistent income of $15,400/month while creating new opportunities on the 2nd and 3rd floor represents a sound investment, Come explore the possibilities of this incredible uptown building and discover the potential for greatness. Newly updated water main line from street to building! (id:39198)
Location
Province
New Brunswick
City
Saint John
Address
80 Prince William
Postal Code
E2L2B3
Location Highlights
N/A
Listed by
RE/MAX PROFESSIONALS New Brunswick listing
Category
Property Information
Premise Status
Includes REAL ESTATE
With Accommodation
N/A
Tenancy
N/A
Lot Size
N/A
Available Space
N/A
Building Size
0
Year Built
N/A
Years Remaining in Current Lease Term
N/A
Renewal Options
N/A
Operational Information
Number of Working Owners
N/A
Current Owner - years
N/A
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
$1,930,000
Asking Price
$1,930,000
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.
N/A
Gross Revenue- annual
N/A
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)
N/A
EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
N/A
Premises Size (square feet)
0
Other Information
Owner willing to Finance
No
Absentee Owner
No
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
Save this Listing
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.
