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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$499,000
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
Commercial Investment Opportunity! Located on a prime corner lot in the heart of downtown New Glasgow, this versatile commercial building offers endless potential for retail, office, and residential development. The main floor is currently designed as a spacious, modern office suite featuring a welcoming entry and reception area, a large boardroom, five private offices, an open group/common area, a full kitchen, a unique historic walk-in safe, and a convenient 2-piece bath. This space has been fully renovated with contemporary finishes throughout. The lower level offers even more potential ideal for additional offices, storage, or expansion to suit your business needs. The upper floor, accessible through a private entrance on Provost Street, features three generously sized private offices and a 2-piece bath, providing flexibility for future tenants or businesses. Positioned in a high-visibility, high-traffic location in New Glasgows vibrant downtown core, this property is brimming with opportunity. Contact your REALTOR® today for more information! (id:39198)
Location
Province
Nova Scotia
City
New Glasgow
Address
Provost
Postal Code
B2H2P5
Location Highlights
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Listed by
Royal LePage Atlantic(Stellarton) Nova Scotia 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
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
N/A
Financial Information
Yearly Rate
$499,000
Asking Price
$499,000
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)
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
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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.
