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Land For Sale at 509 MERSEA RD 10 in Leamington, Ontario

New
4 Sale ID #225487
Updated 02 May 2024

Asking Price

$3,250,000

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

PRIME AGRICULTURAL LAND IN LEAMINGTON. THIS PARCEL CONSISTS OF APPROXIMATELY 50 ACRES. IDEAL LOCATION FOR GREENHOUSE DEVELOPMENT WITH ALL UTILITIES AVAILABLE NEARBY. LAND IS SITUATED WITHIN CLOSE PROXIMITY TO HIGHWAY 77, AND HIGHWAY 401. SEE ATTACHMENTS FOR A COPY OF SITE PLAN IS AVAILABLE. VENDOR FINANCING IS AVAILABLE TO A QUALIFIED BUYER. BUYER TO CONFIRM ALL SERVICES / CALL LISTING AGENT FOR MORE DETAILS. (id:39198)

  • MLS® : #24006806
  • Date Listed : 13 Apr 2024

Location

Province

Ontario

City

Leamington

Address

509 Mersea Rd 10

Postal Code

N8H3V6

Location Highlights

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Listed by

JUMP REALTY INC. Ontario listing

Category

land

Property Information

Premise Status

N/A

With Accommodation

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Tenancy

N/A

Lot Size

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Available Space

N/A

Building Size

0

Year Built

N/A

Years Remaining in Current Lease Term

N/A

Renewal Options

N/A

Operational Information

Number of Working Owners

N/A

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

$3,250,000

Asking Price

$3,250,000

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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