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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$3,750,000
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
Back On The Market !! Being Sold Under Power Of Sale. 0.53 Acre Of Future Development Land Ideal For Rental Apartments Located On The Northeast Corner Of Bank Street And Evans Blvd. In The City Of Ottawa. Subject Property Site Plan Approved In 2019 For An 8- Storey Mixed-Used Apartment Building Having A Total Gross Floor Area Of 74,673 Sq. Ft., Land Fully Serviced To The Lot Line. No Reps Or Warranties, Buyer(S) To Complete Own Due Diligence. Attach All Schedules To Offers. (id:39198)
Location
Province
Ontario
City
Ottawa
Address
1545 Bank St
Postal Code
K1H7Z1
Location Highlights
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Listed by
INTERCITY REALTY 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
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
$3,750,000
Asking Price
$3,750,000
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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Why this Marketplace was Created
Frustrated by the timely process of searching for businesses and commercial properties on the market, the founders at Businesses 4 Sale created a platform to transform the business/commercial property buying and selling experience. The database compiles the most relevant information from multiple industry sources, making it easy for future business/commercial property owners and sellers to find exactly what they are looking for.
