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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$699,900
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
OPPORTUNITY AWAITS! OVERLOOKING KINGSVILLE DOCKS THIS UNIQUE PROPERTY IS ZONED C-5 WHICH PERMITS A RANGE OF RETAIL, SERVICE, COMMERCIAL, ENTERTAINMENT &/OR RESIDENTIAL USES. CURRENTLY USED AS A RESIDENTIAL PROPERTY FEATURING 4 BEDROOMS & 3 BATHROOMS THROUGHOUT. A BRIGHT OVERSIZED FRONT PORCH WELCOMES YOU INTO THE SPACIOUS LIVING ROOM WITH CHARMING STONE FIREPLACE, DINING ROOM & KITCHEN. PRIMARY BEDROOM & 4-PIECE BATH COMPLETES THE MAIN. UPPER-LEVEL FEATURES 2-PIECE BATH & HAS 3 ADDITIONAL BEDROOMS AWAITING YOUR FINISHING TOUCHES. 80.36 FT X 210.74 FT X 83.44 FT X 193.96 FT PARCEL WITH DETACHED 2.5-CAR GARAGE. ENJOY VIEWS OF LAKE ERIE & THE CONVENIENCE OF DOWNTOWN ONLY STEPS AWAY! LIVE, WORK OR PLAY... POSSIBILITY AWAITS! CONTACT LA FOR FURTHER DETAILS! (id:39198)
Location
Province
Ontario
City
Kingsville
Address
129 Park Street
Postal Code
N9Y1N6
Location Highlights
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Listed by
CENTURY 21 LOCAL HOME TEAM REALTY INC Ontario listing
Category
Property Information
Premise Status
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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
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Financial Information
Yearly Rate
$699,900
Asking Price
$699,900
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)
0
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
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Market Competition
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