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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,595,000
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
An excellent opportunity to own 22.49 acres of land, featuring approximately 8.4 usable acres. The property offers strong development potential and may be severed into two or three parcels, with further potential under a Plan of Subdivision (subject to approvals). Ideally situated as a prominent corner parcel with exceptional visibility and extensive frontage with 1598' along Highway 93 and 900' along Highway 400, making it well suited for a variety of future uses. Permitted uses include: service station, car dealership or rental, restaurant including drive thru, car wash, farm equipment sales, building supply, recreational trailer sales and service, garden centre and much more. Numerous development reports available with an accepted offer including Hydraulic Analysis, Wetland Evaluation, Archaeological Assessment, Archaeological Ministry Sign Off Letter etc. (id:39198)
Location
Province
Ontario
City
Springwater
Address
Cassell
Postal Code
L0L1V0
Location Highlights
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Listed by
ED LOWE LIMITED 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
22
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
$1,595,000
Asking Price
$1,595,000
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)
22
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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