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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$899,900
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
N/A
Building Size
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Premise Summary
FANTASTIC INVESTMENT OPPORTUNITY in Downtown Grimsby! Commercial Property in the Center of Grimsby. There is 2645 Total Sq FT Retail space and a 1265 SQ FT Apartment upstairs. Both spaces featuring luxury vinyl flooring and great views! Located 5 minutes from the QEW. The apartment features 2 Bedrooms, 1 Bathroom, a sunroom that overlooks Ontario Street, a very spacious kitchen, In-Suite Laundry and a Cozy Living Room with Escarpment views! Contact Today! (id:39198)
Location
Province
Ontario
City
Grimsby
Address
1 Main Street
Postal Code
L3M1M7
Location Highlights
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Listed by
EXP Realty Ontario listing
Category
Property Information
Premise Status
Includes REAL ESTATE
With Accommodation
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Tenancy
N/A
Lot Size
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Available Space
N/A
Building Size
2,645
Year Built
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Years Remaining in Current Lease Term
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Renewal Options
N/A
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
N/A
Financial Information
Yearly Rate
$899,900
Asking Price
$899,900
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.
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)
2,645
Other Information
Owner willing to Finance
No
Absentee Owner
No
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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