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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$175,000
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
1.5 ACRE WELL-TREED LOT OVERLOOKING FARMLAND. ONLY ONE NEIGHBOUR TO THE SOUTH & ONE AT THE BACK CORNER MAKES THIS A PEACEFUL & PRIVATE SETTING ON THE OUTSKIRTS OF RIDGETOWN FOR YOUR OWN LITTLE ESCAPE. GRASS IS ALREADY THERE, AS ARE A VARIETY OF MATURE TREES. BEST FOR ALTERNATIVE USES SUCH AS COMMUNITY GARDEN PLOTS, OUTDOOR STORAGE, A NATURE RETREAT OR PERHAPS LARGER SCALE DEVELOPMENT, DUE TO SIGNIFICANT SERVICING COSTS FOR A SINLGE RESIDENCE. A SPLIT ZONING ALLOWS FOR A RESIDENCE ON THE SOUTH 60 FT OF THE LOT & THE REMAINDER IS ZONED INDUSTRIAL. MUNICIPAL WATER, NATURAL GAS & HYDRO AT THE ROAD. SEWERS ARE REQUIRED TO BE RUN FROM AROUND YORK STREET AREA, AN PUMPING STATION, PAVEMENT, STREET LIGHTS & OTHER COSTS OF DEVELOPMENT TO MUNICIPAL IN-TOWN STANDARDS ARE ENTIRELY AT THE DEVELOPERS EXPENSE. THE MUNICIPALITY HAS EXPRESSED NO INTEREST IN ALLOWING A REZONING TO STRAIGHT RESIDENTIAL AT THIS TIME. MAYBE JUST ENJOY YOUR OWN PRIVATE PARK, WITH FUTURE POTENTIAL TO CHANGE. (id:39198)
Location
Province
Ontario
City
Ridgetown
Address
19 Henry Street North
Postal Code
N0P2C0
Location Highlights
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Listed by
REGENCY REALTY LIMITED - 695 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
$175,000
Asking Price
$175,000
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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