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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$249,000
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
This charming lot is located only 8 mins to downtown Picton, set down a very quiet year round dead end road. Only 1 other house and a small hobby farm (no residence) share this country road. This pretty lot is just under 2 acres with an amazing dug well @ 20 gallons per min; as well, a new entrance has been installed this year. The entire frontage is adorned in lilacs and blossoming wild flowers, the property itself is perfectly set up for development. Buyer to perform their own due diligence (See realtor remarks*). Clarke Road is plowed, and graded by the municipality year round as well as garbage and recycle pick up at the road's end. Local school buses pick up directly to one of PEC's most desired schools, Athol-South Marysburgh Public school with less than 200 students, and an amazing teaching staff and admin. Unbelievable neighbours down the lane as an added bonus. *There is an MDS (Minimum Distance Setback) for this lot. Calculated at around the halfway mark of the lot. **** EXTRAS **** PT 1 47R4655 S/T INTEREST IN PE51200 & PE80629; PRINCE EDWARD - Additional development options, the current owner - a local tiny house builder has provided the renderings and is available to discuss a build on site (all to be negotiated). (id:39198)
Location
Province
Ontario
City
Prince Edward
Address
1130 Clarke Rd S
Postal Code
K0K2T0
Location Highlights
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Listed by
HARVEY KALLES REAL ESTATE LTD. 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
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
$249,000
Asking Price
$249,000
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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