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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
Discover this prime 141 ft x 150 ft land parcel in Niagara Falls, zoned for tourist commercial use and bursting with potential for diverse developments including bustling commercial ventures or crucial student housing. Located mere minutes from QEW highway access, the property ensures seamless connectivity to all Niagara attractions and the Niagara Falls GO Train Station. Enjoy proximity to the Whirlpool Aero Car, Wildplay Niagara Falls, Great Wolf Lodge, Niagara Tours Helipad, Whirlpool Golf Course, and Gale Centre Arena, promising constant visitor traffic. Additionally, its strategic position just a short walk from the new University of Niagara Falls positions it perfectly for developments catering to a growing student population. Notably close to the business district and approved by the city for development into a drive-thru restaurant, this parcel represents an exceptional investment opportunity in one of Canadas most dynamic locales. **** EXTRAS **** N/A (id:39198)
Location
Province
Ontario
City
Niagara Falls
Address
4122 Victoria Ave
Postal Code
L2E4B4
Location Highlights
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Listed by
RE/MAX ABOUTOWNE REALTY CORP. 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
21,150
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
N/A
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)
21,150
Other Information
Owner willing to Finance
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Absentee Owner
N/A
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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