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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,995,000
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
Prime Residential Development Site South Side of Espanola. 33 Acres of Opportunity! An exceptional investment for developers! This expansive 33-acre property is perfectly located on the south side of Espanola, offering unparalleled potential for mixed residential development. Zoning change pending. 3 storey, 40 unit retirement home proposed and approved for the north west corner of property. AGGREGATE Resources Act Licence has been removed off the subject property. Key Features: Fully serviced with water, sewer, and natural gas. Conveniently located near the hospital and shopping centre. Ideal for retirement homes, long-term care facilities, or other residential projects. Additional Perks: Environmental studies completed and available with a conditional offer. Strong potential for community-focused living. Don't miss out on this rare development opportunity in a prime location! Environmental studies are available with conditional accepted offer. (id:39198)
Location
Province
Ontario
City
Espanola
Address
375 Queensway Avenue
Postal Code
P5E1K2
Location Highlights
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Listed by
RE/MAX Land Exchange Ltd 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
$1,995,000
Asking Price
$1,995,000
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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