BROKERS Register for FREE
BrokerStudio
Suite of tools & services
Benefits
Asking Price
$5,200,000
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.
N/A
Lot Size
N/A
Building Size
N/A
Premise Summary
Awesome development opportunity in the growing town of Midland. Located in the downtown core and situated on a 150 x 150 lot with over 27,000 sqft of rentable space. Steeped in history and unique architectural features this is a great opportunity to add a one of a kind property to your portfolio. The main church was completed in 1903, with a large addition in the 1920's. It is one of the cornerstone properties in Midland, and feature's municipal services, public utilities, and an opportunity for rezoning a development to match surrounding neighbourhood uses. Currently zoned institutional. (id:39198)
Location
Province
Ontario
City
Midland
Address
539 Hugel Avenue
Postal Code
L4R1W1
Location Highlights
N/A
Listed by
Team Hawke Realty, Brokerage Ontario listing
Category
Property Information
Premise Status
N/A
With Accommodation
N/A
Tenancy
N/A
Lot Size
N/A
Available Space
N/A
Building Size
27,158
Year Built
N/A
Years Remaining in Current Lease Term
N/A
Renewal Options
N/A
Operational Information
Number of Working Owners
N/A
Current Owner - years
N/A
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
N/A
Financial Information
Yearly Rate
$5,200,000
Asking Price
$5,200,000
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.
N/A
NOI Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.
N/A
Gross Revenue- annual
N/A
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)
N/A
EBITDA Earnings Before Interest, Taxes, Depreciation, Amortization.
N/A
Premises Size (square feet)
27,158
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
Save this Listing