Rotate your device back to portrait Mode!
Rotate your device back to portrait Mode!
BROKERS Register for FREE
BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,849,000
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.
N/A
Lot Size
N/A
Building Size
N/A
Premise Summary
Fantastic freestanding, freehold building in excellent condition. With a series of recent updates including floor, lighting, and electrical, this property is perfect for a variety of uses under the M2 Industrial zoning. A large asphalt apron in front of the building gives plenty of room to park & load, with additional space at the rear for storage or parking. With two large roll-up doors at the front of the building and one at the rear, there is plenty of access for loading and driving through the space. A washroom, office, and storage closet (with washroom plumbing) complete the interior. Bright new LED lights ensure efficient lighting throughout. Equipped with 600V/200A 3-Phase power, nearly 14' clear height (16' to deck), and solid block construction, this property is well-suited to many business types. Vacant possession offered. Expansion of the building has been explored with an architect and a basic site plan study to increase to over 8000 sq ft is available upon request. Clean Phase II in 2019. (id:39198)
Location
Province
Ontario
City
Hamilton
Address
29 Milburn St
Postal Code
L8E3A3
Location Highlights
N/A
Listed by
SOTHEBY'S INTERNATIONAL REALTY CANADA Ontario listing
Category
Property Information
Premise Status
N/A
With Accommodation
N/A
Tenancy
N/A
Lot Size
N/A
Available Space
N/A
Building Size
3,442
Year Built
N/A
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
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
$1,849,000
Asking Price
$1,849,000
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.
N/A
NOI
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
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
Earnings Before Interest, Taxes, Depreciation, Amortization.
N/A
Premises Size (square feet)
3,442
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
Save this Listing
Why this Marketplace was Created
Frustrated by the timely process of searching for businesses and commercial properties on the market, the founders at Businesses 4 Sale created a platform to transform the business/commercial property buying and selling experience. The database compiles the most relevant information from multiple industry sources, making it easy for future business/commercial property owners and sellers to find exactly what they are looking for.
