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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$899,900
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 the heart of the community! This expansive one-story commercial building, spanning a generous 8,814 square feet, is currently home to the esteemed Napanee Lion's Club. Proudly standing amidst the vibrant neighborhood, this property offers an exceptional opportunity for a wide range of commercial endeavors. As you step inside, you'll be greeted by a spacious interior, perfect for hosting various events, meetings, gatherings or corporate functions. This space caters to all needs. Ample parking is available to accommodate guests and visitors. Situated in close proximity to numerous amenities, including the library, a large playground/splash pad, and an array of downtown shops, this location offers both accessibility and charm. Whether you're looking to expand an existing venture or embark on a new one, this commercial building presents an unparalleled opportunity to continue to be an integral part of the thriving community fabric. Don't miss your chance to make your mark in this prime location - schedule a viewing today and envision the endless possibilities that await! (id:39198)
Location
Province
Ontario
City
Napanee
Address
57 Centre St
Postal Code
K7R3E6
Location Highlights
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Listed by
Exit Realty Acceleration Real Estate, Brokerage 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
8,815
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
$899,900
Asking Price
$899,900
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)
8,815
Other Information
Owner willing to Finance
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Absentee Owner
N/A
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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