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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$649,000
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
Many use, very populated and High Traffic Intersection, Prime commercial corner development development site with a C2-1,C2 ZONING ALLOWING FOR SOME RESIDENTIAL OPPORTUNITIES. Great exposure on Kingston Prime Location Road System, opposite a new shoppers drug-mart. SEE Schedule C attached for floor plan dated DEC 17,2023. Seller applied for more commercial use applications and more uses coming soon. **** EXTRAS **** Attached Floor Plans (commercial and high-rise units residential) and application is with the city for approval. More commercial use coming soon on this land in the process with the City. (id:39198)
Location
Province
Ontario
City
Kingston
Address
2443 Princess St
Postal Code
K7M3G1
Location Highlights
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Listed by
RE/MAX WEST 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
14,122
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
$649,000
Asking Price
$649,000
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.
N/A
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)
14,122
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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