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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$549,900
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
Great opportunity here at 29 Severn St. in Central Hamilton. This parcel of land is located one block away from Hamilton's fine restaurants and entertainment district, while located on a quiet, family-friendly street. The City offers a wide range of development opportunities for this lot. - This Site Has lots of Potential . City is in High favour of High-Density Mixed-Use Developments in This Area. Close to the GO Station, LRT, Mobility Hub, Shopping center's, Schools, Hwy access and more! - Zoned with the City as: currently zoned H - H/S 1310 - H/S 1310a - zoning verification to be done by buyer(s). There was an approved permit from the city to build a 5-story mixed used complex that included commercial at/on grade level and 6 residential units on 4 floors above, which has now expired, but gives you an idea of the possibilities. An abutting parcel/building is located at 237 James St N is also available for purchase under separate ownership and representation (ML#40796237). The availability of the two side-by-side properties presents a rare opportunity. Acquiring the adjacent parcels may increase total land area and frontage, consolidate the lot lines and, paired with applicable zoning permissions, may unlock a unique potential development opportunity for the right group or individual. (id:39198)
Location
Province
Ontario
City
Hamilton
Address
Severn
Postal Code
L8R2L5
Location Highlights
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Listed by
RE/MAX Real Estate Centre Inc. 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
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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
$549,900
Asking Price
$549,900
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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