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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$649,900
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
Opportunity knocks! Tons of potential & possibilities for your business when you acquire this freestanding decommissioned fire hall in Hawkestone. Perfectly located just steps from Lake Simcoe, few minutes to Hwy 11 and close to both Orillia & Barrie. Approximately 1 acre lot with septic in rear yard and drilled well. Brand new water system installed as of August 2024! The original building was built in 1972 then had a large addition completed in 1989. Current zoning is (I) Institutional. Buyer to complete their own due diligence regarding permitted uses for their purposes. 200 Amp Service coming into a breaker panel which is connected to a Generac generator plus it offers a 100 amp stand-by generator on natural gas. Garage bays area is heated by Forced Air Natural Gas Furnace. Main area is 70 ft by 33ft with 4 bay doors each with hydraulic automatic door openers. 2 Bay doors on left side of building are 12.3ft wide by 12 ft high, 2 Bay doors on the right side of building are 12.3 ft by 10ft. There are 2 bathrooms (1 in the bays & 1 in the office) Office area comes equipped with a full kitchen including Fridge, Stove and Microwave which are included in sale. Ample space for parking and storage. Air compressor and generators are also included in sale. (id:39198)
Location
Province
Ontario
City
Hawkestone
Address
375 Line 11 Line S
Postal Code
L0L2E0
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
3,500
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
$649,900
Asking Price
$649,900
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)
3,500
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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