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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$9,000,000
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
If you're a developer and looking for a large parcel of premium vacant land, this property is for you. This property is unique in that it offers approximately 24 acres of mostly cleared vacant land all within the city limits, in the popular West Ferris neighbourhood. The property is currently zoned R6/RM1, property code 113 -Condominium Development Land-Residential, and is located across from beautiful Lake Nipissing. This area is conveniently located and is well known for it's parks, beaches, schools and it's close proximity to all amenities. Public transportation is readily available and access to Hwy 11 is just minutes from this location. Being sold As Is/Where Is with no representations or warranties, and offers are welcome at any time with a 72 hour irrevocable. Previous site of proposed Lakeshore Pointe Condominium development. (id:39198)
Location
Province
Ontario
City
North Bay
Address
744 Lakeshore Drive
Postal Code
P1A2G5
Location Highlights
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Listed by
RE/MAX Legend Real Estate Inc., Brokerage 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
$9,000,000
Asking Price
$9,000,000
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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