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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$975,000
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 developers and investors, We have an exciting opportunity for you in Summerside, PEI. We have a property with the potential for a 64 to 128 unit build or development of your choice. The existing owners are also open to doing a design, build, and manage if desired. This property offers plenty of options and is conveniently located with water, sewer, and electricity all available. Summerside is quickly becoming the go-to location for development on Prince Edward Island, with numerous projects currently under construction. Now is the perfect time to invest in this booming area. The location of this property offers the potential for stunning views over the harbour and Northumberland Strait. Additionally, it is just minutes away from a 7 km oceanfront boardwalk, allowing residents to enjoy the beautiful coastline. Furthermore, this property is in close proximity to restaurants and all the amenities of a vibrant and active city. Don't miss out on this opportunity to be a part of the thriving Summerside community. Contact us now to learn more and secure this prime development property. (id:39198)
Location
Province
Prince Edward Island
City
Summerside
Address
0 Granville & Foundry Streets
Postal Code
C1N4K6
Location Highlights
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Listed by
CENTURY 21 NORTHUMBERLAND REALTY Prince Edward Island 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
0
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
$975,000
Asking Price
$975,000
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)
0
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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