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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$999,900
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
Introducing a prime commercial opportunity at 11 York Point Road in North River, PEI, where investment potential meets strategic positioning. This dynamic property boasts a fully tenanted retail space, housing beloved local establishments like a popular pizza shop and an entertaining pinballorama. Strategically located on the York Point corner of the North River Roundabout, this site offers unmatched visibility and accessibility, drawing patrons effortlessly. With ample parking sprawled across the expansive 1.3-acre corner lot, convenience is key for both customers and tenants. Furthermore, it's easy access to public transportation and highway connectivity, making it a magnet for businesses seeking a bustling hub. If you're an investor eyeing stable rental income in the vibrant community of North River, this property presents an ideal opportunity. Plus, with the potential for future development or expansion on the generous corner lot, the promise of even greater returns awaits. Financials available upon request. Seize the moment and stake your claim in North River's thriving commercial landscape today. (id:39198)
Location
Province
Prince Edward Island
City
Cornwall
Address
11 York Point Road
Postal Code
C0A1H8
Location Highlights
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Listed by
CENTURY 21 NORTHUMBERLAND REALTY Prince Edward Island listing
Category
Property Information
Premise Status
Includes REAL ESTATE
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
3,200
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
N/A
Financial Information
Yearly Rate
$999,900
Asking Price
$999,900
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)
3,200
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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