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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,600,000
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
CALLING ALL INVESTORS! Own your dream property in a prime location. Rare opportunity 4.5- acre C3 zoned land north of Grand Bend in a high traffic area. This property is on the corner of Hwy 21 (Bluewater Highway) and Hwy 83, right across from the Lake Huron Water Supply System and receives all the traffic flow from the Lake Huron Shore Line and cities such as Kitchener, Waterloo and Toronto. Surrounded by some great tourist attractions such as Port Blake Day Park in walking distance, Huron County Playhouse, Dark Horse Estate Winery, and White Squirrel Golf Club and Restaurant all within a 5 minute drive. This 4.5 acres property has benefits, such as, flexibility, convenience, growth potential and operates in a vibrant and lively environment, with convenient access, making it the ideal location for a business to flourish. This C3 zoning gives this property a long list of possibilities such as building an Automotive/RV/Marine Sales and Service, Hotel, Restaurant/Fast Food, and many many more options. With Grand Bend being a growing town, this is your chance to grow your portfolio with this great investment property. Call your local Real Estate Agent today to book a showing! (id:39198)
Location
Province
Ontario
City
Grand Bend
Address
34055 Gore Road Road
Postal Code
N0M1T0
Location Highlights
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Listed by
SUTTON GROUP - SMALL TOWN TEAM REALTY INC. BROKERAGE 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
$1,600,000
Asking Price
$1,600,000
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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