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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$899,900
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
**Opportunity Knocks - Prime Development Parcel with Potential for Various Uses in Thriving Downtown City of Hamilton. Prime Midpoint Location with Easy Access Between Niagara & GTA surrounding areas. Featuring 2040SF of 12 Storage Garage Units Each Approximately 10ftx17ft, Larger Corner Units & 1 Unit with Walk In Cold Storage Cooler. Currently Zoned D/S 378 Permitting Residential Development for Multi Unit Dwellings, Detached Residential, lodging house, day nursery, storage facility, residential care facility and employment uses. Various Options & Great Opportunity with Rezoning to Create Additional Design & Use Options. Near waterfront harbour redevelopments, multiple new large scale residential and commercial projects, Near Top Hospitals, New GO Station & Future LRT, Public Transit & Entertainment District All at your doorstep. A Great Place to Invest & Grow & Ideal Parcel for End User or Strategic Investor/Developer. Buyer to Verify and Satisfy Own Allowed Uses & Zoning. (id:39198)
Location
Province
Ontario
City
Hamilton
Address
107 Robert St
Postal Code
L8L2P5
Location Highlights
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Listed by
SAM MCDADI REAL ESTATE INC. 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
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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
$899,900
Asking Price
$899,900
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)
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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