Rotate your device back to portrait Mode!
Rotate your device back to portrait Mode!
BROKERS Register for FREE
BrokerStudio
Suite of tools & services
Benefits
Asking Price
$495,000
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
Lot Size
N/A
Building Size
N/A
Premise Summary
An outstanding development and investment opportunity in the heart of Port Hopes growing Business Park. Welcome to 408 Croft Street East, a strategically located EMP2-zoned vacant industrial lot offering a rare blend of accessibility, exposure, and flexibility. Spanning approximately 0.75 acres, this parcel provides ample room for a wide range of commercial or light industrial uses. The EMP2 zoning allows for numerous permitted applications, including warehousing, manufacturing, retail, professional offices, and mixed-use developments, ideal for businesses looking to establish or expand in one of Northumberland Countys most progressive business districts. Situated just minutes from Highway 401, this site offers exceptional transportation access for commuting, shipping, and customer traffic, while being only a six-minute drive from downtown Port Hope. The propertys convenient location ensures close proximity to local amenities, industrial suppliers, and commercial services, making it a practical and strategic choice for future development. The surrounding area features a peaceful, meadow-like setting, offering a unique balance between natural surroundings and business functionality. This setting provides excellent potential to design a workspace or commercial site that harmonizes with Port Hopes scenic landscape while maintaining strong business visibility and access. Positioned within an established and expanding employment corridor, this property represents a prime opportunity for investors, developers, or owner-users seeking to capitalize on the areas continued growth. Property is being sold As-Is, Where-Is, with no representations or warranties by the Seller or Brokerage. Buyers are encouraged to conduct their own due diligence, including a review of the Municipality of Port Hopes comprehensive list of permitted uses under EMP2 zoning. (id:39198)
Location
Province
Ontario
City
Port Hope
Address
Croft
Postal Code
L1A4H1
Location Highlights
N/A
Listed by
HOMELIFE/VISION REALTY INC. Ontario listing
Category
Property Information
Premise Status
N/A
With Accommodation
N/A
Tenancy
N/A
Lot Size
N/A
Available Space
N/A
Building Size
32,690
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
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
$495,000
Asking Price
$495,000
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.
N/A
Gross Revenue- annual
N/A
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)
N/A
EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
N/A
Premises Size (square feet)
32,690
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
Save this Listing
Why this Marketplace was Created
Frustrated by the timely process of searching for businesses and commercial properties on the market, the founders at Businesses 4 Sale created a platform to transform the business/commercial property buying and selling experience. The database compiles the most relevant information from multiple industry sources, making it easy for future business/commercial property owners and sellers to find exactly what they are looking for.
