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Land For Sale at 2062 HIGHWAY 31 STREET in Metcalfe, Ontario

4 Sale ID #154891
Updated 01 May 2024

Asking Price

$2,999,999

Cap Rate help 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

Endless opportunity awaits on this 5.3 acre, Heavy Industrial lot located on Bank Street. The building on site is approx. 40 x 70 ft, heated by Geothermal and offers 400 amp service. This is a rare and unique lot as there are few Heavy Industrial lots remaining in the city of Ottawa. Seller is willing to offer financing for half of the purchase price. (id:39198)

  • MLS® : #1347303
  • Date Listed : 16 Jun 2023

Location

Province

Ontario

City

Metcalfe

Address

2062 Highway 31 Street

Postal Code

K0A2P0

Location Highlights

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Listed by

COLDWELL BANKER FIRST OTTAWA REALTY Ontario listing

Category

land

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 help Furniture, Fixtures & Equipment that remain with the business.

Not Included

Inventory Value - approximate help Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.

Not Included

Franchise

N/A

Financial Information

Yearly Rate

$2,999,999

Asking Price

$2,999,999

Cap Rate help 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.

N/A

NOI help 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 help 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 help 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

N/A

Market Competition

N/A


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