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Land For Sale at 504 MAIN ST in Prince Edward, Ontario

4 Sale ID #213763
Updated 06 May 2024

Asking Price

$4,990,000

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

Lot Size

N/A

Building Size

N/A

Premise Summary

5.8 acres of vacant land zoned Future Development (FD) within the Wellington Urban Area as designated by the PEC Official Plan. Municipal sewer currently ends at Prince Edward Dr, approximately 350ft to the East of the property. Municipal water is available on the road frontage on the South side of the property. Potential for commercial/residential mixed use development. (id:39198)

  • MLS® : #X8131566
  • Date Listed : 11 Mar 2024

Location

Province

Ontario

City

Prince Edward

Address

504 Main St

Postal Code

K0K3L0

Location Highlights

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Listed by

CENTURY 21 LANTHORN REAL ESTATE LTD. Ontario listing

Category

land

Property Information

Premise Status

N/A

With Accommodation

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Tenancy

N/A

Lot Size

N/A

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

N/A

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

$4,990,000

Asking Price

$4,990,000

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.

N/A

Gross Revenue- annual

N/A

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)

N/A

EBITDA help Earnings Before Interest, Taxes, Depreciation, Amortization.

N/A

Premises Size (square feet)

0

Other Information

Owner willing to Finance

N/A

Absentee Owner

N/A

Support and Training

Not Included

Growth and Expansion

N/A

Market Competition

N/A


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