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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$749,900
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
This ppty offers 2200 sqft of exquisitely designed commercial space. Perfectly positioned on high-traffic corner lot & zoned C1, making it ideal for multiple uses including retail, office space or even a trendy boutique! Currently used as a well respected dry cleaner depot & alteration shop, property includes a free-standing building & land. An added bonus is its close proximity to popular shopping. Definitely a plus for running a successful trade! Visual exposure is maximized, thanks to its prime corner position & a prominent signboard for marketing your business. The external area is excellently maintained w/ample on-site parking. Internally, building showcases a beautiful open-concept area + a kitchen area & 2- ½ bath. Additionally, this prime real estate offers plenty of storage space, ensuring no wasted capacity & enabling it to fit different business models. Don't miss out on this uncommon opportunity to buy in a high-demand area offering both excellent visibility & accessibility (id:39198)
Location
Province
Ontario
City
Leamington
Address
83 Erie Street South
Postal Code
N8H3B2
Location Highlights
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Listed by
CENTURY 21 ERIE SHORES REALTY INC. - 211 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
2,200
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
$749,900
Asking Price
$749,900
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)
2,200
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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