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Institutional Property For Sale at 50 HICKSON Street in Kingston, Ontario

4 Sale ID #236243
Updated 24 Jul 2024

Asking Price

$1,590,000

Cap Rate help 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 property is centrally located, just minutes from the 401, and offers a variety of possibilities under M7.304 zoning. The unit includes five rooms that can be utilized as office spaces or meeting rooms, in addition to a large multi-purpose hall. There is also an operational commercial kitchen. The unit is equipped with two furnaces to efficiently heat different areas as needed. It features one three-piece washroom and one two-piece washroom. Additionally, the property includes a concrete slab of approximately 4,000 square feet with potential for expansion, nearly the same size as the building. There is ample parking available for at least 21 cars. The property is suitable for a range of uses, including wholesale, photofinishing, warehousing, animal hospital, stone products manufacturing, printing plants, restaurants, laundry services, and dry cleaning. This exceptional opportunity won’t last long. Floor plans and zoning information are attached. Environmental phase one done in 2016 is available, the property is used as a community centre since last sale in 2016. (id:39198)

  • MLS® : #40575282
  • Date Listed : 08 May 2024

Location

Province

Ontario

City

Kingston

Address

50 Hickson Street

Postal Code

K7K2N6

Location Highlights

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Listed by

INTERNATIONAL REALTY FIRM INC BROKERAGE Ontario listing

Category

institutional-properties

Property Information

Premise Status

N/A

With Accommodation

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Tenancy

N/A

Lot Size

N/A

Available Space

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Building Size

4,000

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 help Furniture, Fixtures & Equipment that remain with the business.

Not Included

Inventory Value - approximate help Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.

Not Included

Franchise

N/A

Financial Information

Yearly Rate

$1,590,000

Asking Price

$1,590,000

Cap Rate help 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 help 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 help 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 help Earnings Before Interest, Taxes, Depreciation, Amortization.

N/A

Premises Size (square feet)

4,000

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


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