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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$699,900
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
*New roof Sept 2025* | Located on the extremely visible main corner in the growing town of Russell, this versatile property offers an exceptional opportunity for a variety of buyers. Zoned Village Core, the property lends itself to a wide range of uses, from retail and dining to medical, community services, and residential development. The property currently features a garage with vehicle hoist & lobby, great for immediate use whether as owner occupied or rental, or look into a conversion to suit your business needs. With ample street frontage and high traffic visibility, this is an ideal location for a business that requires exposure | Some of the permitted uses in Village Core Zoning: [Residential] apartments, townhouses, group homes [Retail] Storefront, farmers' market, convenience store [Professional] Offices, medical facilities, bank, animal care establishment, daycare [Community] Library, community center, place of assembly, recreation facility [Entertainment] Restaurant, theatre, bar, place of worship, tourist lodging [Outdoor & Event Space] Flea market, outdoor display and sales area, refreshment vehicle [Other] Funeral home, post office, instructional facility | **Please note: there may be limitations on future development abilities & property usage beyond what is advertised herein. Buyers are required to complete their own due diligence to ensure that their plans are feasible. (id:39198)
Location
Province
Ontario
City
Russell
Address
Concession
Postal Code
K4R1C8
Location Highlights
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Listed by
ROYAL LEPAGE PERFORMANCE 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
1,084
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
$699,900
Asking Price
$699,900
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)
1,084
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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