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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$405,000
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.
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Lot Size
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Building Size
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Premise Summary
Attention Investors! Looking for a project. Previously used as a Church.. The zoning of this property allows for many uses. The building is located in the little hamlet of Cheapside Corners. So many possibilities for this property. Some of the permitted uses would be a place of worship, community centre, day care, animal hospital, a place of recreation or make it into one dwelling unit. Building sits on 0.48 acre lot with lots of parking. There is a full basement with a kitchen, two furnaces and the hydro panel has been update to 200 amps. Book a viewing today. (id:39198)
Location
Province
Ontario
City
Nanticoke
Address
936 Concession 2 Walpole Concession
Postal Code
N0A1L0
Location Highlights
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Listed by
RE/MAX ERIE SHORES REALTY INC. 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
2,745
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
$405,000
Asking Price
$405,000
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.
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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)
2,745
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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