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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$7,990,000
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
HUGE INVESTMENT OPPORTUNITY FOR SERIOUS BUYERS located in Welland close to the new Battery Plant. 3.24 acres of open space in the heart of the beautiful city of Welland, brings endless investment opportunities. Currently zoned as Institutional that allows MULTIPLE 11 STOREY consisting 2 tower for over 210 RESIDENTIAL UNITS, plus existing 12000 square feet of fully leased medical building. Land frontage 1000 sq ft, yes you read that right, ONE THOUSAND X 3.24 acres!! Many possibilities in this rare find piece of land in the middle of a lively city! Walking distance to grocery store, Tims, LCBO and schools. Two minute drive to Welland Hospital. Ideal for creating attractive living space for young and mature families, senior citizens and professionals working in the area. A true show stopper opportunity, book your appointment today to come see for yourself!! (id:39198)
Location
Province
Ontario
City
Welland
Address
595 Ontario Rd
Postal Code
L3B0B3
Location Highlights
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Listed by
BRIDGECAN REALTY CORP. 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
12,000
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
$7,990,000
Asking Price
$7,990,000
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)
12,000
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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