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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,988,000
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
Over Half Acre Of Commercial Vacant Land Located In Central Downtown Of Rapidly Growing Beeton, Ontario. Large Corner Lot With Two Road Frontages On Main Street East And Centre Street North. The City Of Beeton Is Currently Going Through A Major Intensification In Zoning And Infrastructure To Allow For Higher Density Redevelopment. The Land Is Zoned And Designated As Downtown Commercial Core Within The New Tecumseth Official Plan - Great Land Value And Amazing Opportunity For Commercial And Residnetial Redevelopment. The Zoning Permits A Wide Variety Of Urban Uses, Including Medium And High Density Residential And Commercial Uses. The Property Is Near Site Plan Approval For A 6 Storey Building With 39 Residnetial Units, 71 Parking Spaces And A Total Gross Floor Area Of 43,424 Square Feet. **** EXTRAS **** Central Location In Downtown Beeton, Over Half Acre Corner Lot, Exceptional Street Exposure On Two Main Streets, Great Development Opportunity for Any Commercial And Residential Uses. (id:39198)
Location
Province
Ontario
City
New Tecumseth
Address
2 Main St E
Postal Code
L0G1A0
Location Highlights
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Listed by
ROYAL LEPAGE YOUR COMMUNITY REALTY 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
$1,988,000
Asking Price
$1,988,000
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.
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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
N/A
Market Competition
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