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Commercial Rental Property For Sale
Location: Canada -> New Brunswick -> Bathurst
Industry: Real Estate > Other Real Estate

Business Summary

Commercial Rental Property for sale, priced well below its real value. This building is located at the corner of Main and Douglas Avenue in Bathurst at one of the busiest intersections in the city with 24,000 vehicles passing daily. THE MAIN LEVEL IS 80% RENTED. This commercial property is appropriate for retail or office space and will provide a good return on investment. The building is constructed of steel and masonry and has a sprinkler system which protects the entire two floors. The 6,000 sq. ft. main floor has 12 ft. ceilings, four washrooms, as well as access to a freight elevator. The basement has 6,000 sq. ft. with 12 ft. ceilings and two washrooms and is also served by a freight elevator. There are two customer entrances, one on Main St. and one on Cunard St. as well as an additional employee entrance from the parking lot area. The parking lot has eleven on-site paved spots with loading dock access to the elevator. The roof and central air conditioning system were recently replaced. This is a very low maintenance building. The asking price is $295,000.


Asking Price Range:  $250K - $500K
Gross Revenues:   $50,000
Cash Flow:   $30,000
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  No

About The Business

Year Established:  1970
Number of Employees:  1 - 3
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Reason For Selling:  Retirement.


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Commercial Rental Property For Sale Photo 1

Print Listing Id: 700117821
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