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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$599,900
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
Excellent investment opportunity to purchase a free standing decommissioned fire hall in a prime location just minutes from Orillia. Property Size is approx. 150ft by 250ft (.86 acre). Year built was 1972. Zoning on the property is (I) Institutional. Buyer to complete their own due diligence regarding permitted uses. This building is on Septic and Drilled Well. 100 Amp Electrical Service to breaker panel. Main area space is 35ft Wide by 33 ft Length, Ceiling height is 13.6ft with 2 shipping doors each 12ft Wide by 12ft High (each door has hydraulic automatic door openers). Back room is 12.7ft by 24.6ft with 13.4ft high ceilings. Building includes Storage room and Bathroom (2 sinks, toilet, urinal). Heated by forced air gas furnace. As well there is a 30,000 L water cistern on the property. Ample space for parking and storage. (id:39198)
Location
Province
Ontario
City
Oro medonte
Address
1904 Old Barrie Road E
Postal Code
L0L1T0
Location Highlights
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Listed by
Century 21 B.J. Roth Realty Ltd. Brokerage 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
1,610
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
$599,900
Asking Price
$599,900
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)
1,610
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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