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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$695,000
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
Attention business owners and entrepeneurs! This commercial space is a rare find, offering as much space as you could possibly need. Over 12,000 sq ft of retail space in the main building with 2 huge attached warehouse spaces adding another 5,000 + sq ft, and a loading dock. A wired warehouse on a seperate lot with a large automatic overhead door and 5,335 sq ft of storage, and featuring a fenced in yard portion, as well as a vacant lot sitting next to it are all included as part of this sale. Recent upgrades include a new furnace in the main building in 2019, 2 new office spaces, and a re-vamped staff room area. The main building features a designated show room, a mens and ladies washrooms, a seperate entrance/lobby area, to buffer the weather, as well as 7 security cameras. The size of this property and all the extras must be seen to be appreciated! The sky is the limit when it comes to how the new owner could put these buildings to use. Please book your private tour today. (id:39198)
Location
Province
Ontario
City
Ear Falls
Address
18 Spruce St
Postal Code
P0V1T0
Location Highlights
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Listed by
CENTURY 21 NORTHERN CHOICE REALTY LTD. Ontario listing
Category
Property Information
Premise Status
Includes REAL ESTATE
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
25,000
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
$695,000
Asking Price
$695,000
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)
25,000
Other Information
Owner willing to Finance
No
Absentee Owner
No
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
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