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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
Calling all automotive enthusiasts, entrepreneurs, and visionaries! This versatile building, located at 14 Park Road, is currently an automotive haven but holds endless possibilities for various uses. With a generous interior height of 25 feet and a spacious 152 by 48-foot layout, this property is ready to accommodate your creative ambitions. Featuring three 14 x 14-foot doors and an additional 12 x 14-foot door, this building offers ample access for large vehicles, equipment, or machinery. Whether you're an automotive enthusiast looking to expand your business or an entrepreneur seeking a new venture, this property can adapt to your needs. With a 200 amp service in place, this building provides the necessary electrical capacity to support your business operations. The office space and retail area within the building offer convenient spaces for client interactions or administrative tasks. Located in the heart of Kensington Industrial Park, this property boasts a prime location with easy access to major transportation routes and a variety of amenities. The town of Kensington itself offers a vibrant community and a supportive business environment, making it an ideal place to establish and grow your enterprise. Embrace the potential and seize the chance to make your mark in the thriving town of Kensington. (id:39198)
Location
Province
Prince Edward Island
City
Kensington
Address
14 Park Road
Postal Code
C0B1M0
Location Highlights
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Listed by
CENTURY 21 NORTHUMBERLAND REALTY Prince Edward Island 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
7,200
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)
7,200
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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