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Land For Sale at LOT 20 SOUTH GRIMSBY ROAD 5 in West Lincoln, Ontario

4 Sale ID #141868
Updated 03 May 2024

Asking Price

$999,000

Cap Rate help 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

Attention Builders/Investors Incredible Investment Opportunity In Excellent Location Of Niagara West Lincoln. Prime Residential Vacant Lot Frontage On main street South Grimsby Rd 5, Surrounded By Many New Subdivisions And Existents Homes. Lots Of Developments In The Area. (High Density- Rm3)Zoning Allows Multiple Dwellings: For 5-7 Storeys Apartment Buildings/Condo/Detached/Semi/Townhouses/Rental/Retirement Homes. All Services In Frontage Of The Land On South Grimsby Rd 5 . Builders' New Subdivision Units Adjacent To The Subject Lot Are Already For Sale. Close to All Amenities, Shopping, Schools, Bus Stops recreation center Etc. **** EXTRAS **** Located In The Hot Spot Of Smithville Downtown Off Hwy 20, Approx. 20 Minutes To Niagara Falls, Close To St. Catharines, Hamilton, Guelph, Mississauga, Etc. Minutes Walk To All Amenities & New West Lincoln Arena & Community Centre. (id:39198)

  • MLS® : #X6642824
  • Date Listed : 06 Jul 2023

Location

Province

Ontario

City

West Lincoln

Address

Lot 20 South Grimsby Road 5

Postal Code

L0R2A0

Location Highlights

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Listed by

HOMELIFE/VISION REALTY INC. Ontario listing

Category

land

Property Information

Premise Status

N/A

With Accommodation

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Tenancy

N/A

Lot Size

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Available Space

N/A

Building Size

19,800

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

N/A

Current Owner - years

N/A

FF & E help Furniture, Fixtures & Equipment that remain with the business.

Not Included

Inventory Value - approximate help Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.

Not Included

Franchise

N/A

Financial Information

Yearly Rate

$999,000

Asking Price

$999,000

Cap Rate help 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 help 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 help 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 help Earnings Before Interest, Taxes, Depreciation, Amortization.

N/A

Premises Size (square feet)

19,800

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


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