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Industrial Property For Sale at 155 PARK STREET in Kingsville, Ontario

4 Sale ID #191506
Updated 23 May 2024

Asking Price

$1,200,000

Cap Rate help 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

Lot Size

N/A

Building Size

N/A

Premise Summary

GREAT POTENTIAL FOR CONDOS, APARTMENTS OR EATING ESTABLISHMENTS ON KINGSVILLE HARBOUR WATERFRONT. PROPERTY IS BEING SOLD AS IS WHERE IS. 1500 SQ FT COMMERCIAL SPACE AVAILABLE FOR LEASE $1500 MONTHLY. 1 BEDROOM APARTMENT AVAILABLE FOR LEASE AT $1000 MONTHLY. (id:39198)

  • MLS® : #22015130
  • Date Listed : 02 Jan 2024

Location

Province

Ontario

City

Kingsville

Address

155 Park Street

Postal Code

N9Y1N6

Location Highlights

N/A

Listed by

ROYAL LEPAGE BINDER REAL ESTATE - 644 Ontario listing

Category

industrial-properties

Property Information

Premise Status

N/A

With Accommodation

N/A

Tenancy

N/A

Lot Size

N/A

Available Space

N/A

Building Size

1,500

Year Built

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Years Remaining in Current Lease Term

N/A

Renewal Options

N/A

Operational Information

Number of Working Owners

N/A

Current Owner - years

N/A

FF & E help Furniture, Fixtures & Equipment that remain with the business.

Not Included

Inventory Value - approximate help Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.

Not Included

Franchise

N/A

Financial Information

Yearly Rate

$1,200,000

Asking Price

$1,200,000

Cap Rate help 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 help Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.

N/A

Gross Revenue- annual

N/A

Cash Flow - annual help 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)

N/A

EBITDA help Earnings Before Interest, Taxes, Depreciation, Amortization.

N/A

Premises Size (square feet)

1,500

Other Information

Owner willing to Finance

N/A

Absentee Owner

N/A

Support and Training

Not Included

Growth and Expansion

N/A

Market Competition

N/A


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