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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$699,900
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
*Former Church on 132'x175' in Town Lot* This former church offers 1800 sqft of finished space + a fully finished basement & is sitting on a 132'x175' institutional lot. The church features a multiple entrances, massive parking lot, generous office & storage space, large congregation area with beautiful pews & organ + piano, bathroom, finished basement w full kitchen, massive meeting area & utility room. This would be an excellent opportunity for someone looking to purchase a property with institutional zoning with permitted uses such as Churches and cemeteries, Clubs for non-profit service groups, Public or separate schools, Public or private hospitals, Community halls, Libraries, etc. The Seller makes no representations or warranties to what may or may not be approved for occupancy on this property the Buyer/Buyer's rep must do their own due diligence. (id:39198)
Location
Province
Ontario
City
Angus
Address
56 Jonas Street
Postal Code
L0M1B0
Location Highlights
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Listed by
Homelife Emerald 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
1,800
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
$699,900
Asking Price
$699,900
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)
1,800
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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