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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$2,250,000
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
Situated on bustling West Ridge Boulevard in Orillia, this expansive 1.58-acre lot, one of the area's last remaining gems, boasts M3 zoning, offering ample opportunities for various uses. Amidst Orillia's thriving thoroughfare, this parcel enjoys unmatched visibility and accessibility, making it a prime location for discerning investors. Imagine an upscale office complex, a dynamic rental outlet, a state-of-the-art warehouse facility, or even a vibrant boutique hotel! The zoning permits a wide array of ventures, including heavy equipment sales and service, light to medium industry, captivating brewery or winery establishments, away from esteemed institutions like Lakehead University, retail giants like Costco, Hydro One Advanced Tech hub, and the Orillia OPP Station. Essential services are available. The responsibility for HST, development charges, servicing, and permits lies with the buyer. The owner will also consider a ""Build to Suit"" and leasing opportunity. (id:39198)
Location
Province
Ontario
City
Orillia
Address
849 West Ridge Blvd
Postal Code
L3V8B3
Location Highlights
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Listed by
RE/MAX RIGHT MOVE 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
$2,250,000
Asking Price
$2,250,000
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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