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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$5,300,000
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
N/A
Building Size
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Premise Summary
This remarkable property is located between Southampton and Port Elgin. It is in close proximity to subdivisions across Hwy #21 and literally feet from a new subdivision with homes actively under construction off of McNabb Street on the east side of Hwy 21. Although actively used and classified as a farm for years, the Seller is focused on marketing the property to an active builder/developer who is interested in home building opportunities in the fast growing community of Saugeen Shores. The house is a solid brick home, garage is converted into a heated office, and the barn is well set up for storage of materials vehicles and construction equipment. A purchaser/developer would have to make all the necessary applications for specific zone changes and requirements needed to move forward with any development. (id:39198)
Location
Province
Ontario
City
Saugeen Shores
Address
520 N Railway Street
Postal Code
N0H2L0
Location Highlights
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Listed by
KEY LOCATIONS REALTY LTD., BROKERAGE Ontario listing
Category
Property Information
Premise Status
Includes REAL ESTATE
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
1,372
Year Built
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Years Remaining in Current Lease Term
N/A
Renewal Options
N/A
Operational Information
Number of Working Owners
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Current Owner - years
N/A
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
$5,300,000
Asking Price
$5,300,000
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.
N/A
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)
1,372
Other Information
Owner willing to Finance
No
Absentee Owner
No
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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