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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,100,000
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
Looking for an opportunity with numerous possibilities! Let this be the site for something exciting to happen for the community. 152 Metcalfe Street E is zoned R1. (Lot size 125'x128'xirregular). The home is a 1 1/2 storey, 3 bedroom with 2 bathrooms. The roof, furnace and flooring have been replaced in 2021. All windows have been replaced except the front living room. 162 Metcalfe Street E is zoned C2 with a lot size of 57.13'x128.17'. This commercial space was previously a restaurant. The building is 2100 sq ft with 200 amp service. The roof was replaced in 2020, the furnace and A/C are approximately 15 years old. Inside has been stripped, the new owner can create a space of their own. This is a main highway street location coming into town with lots of visual exposure. Close to downtown. Combined properties being sold ""AS IS"". Total frontage being 182'x128' x irregular (.538 of an acre). (id:39198)
Location
Province
Ontario
City
Strathroy caradoc
Address
152-162 Metcalfe St E
Postal Code
N7G1P6
Location Highlights
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Listed by
SUTTON WOLF REALTY BROKERAGE Ontario 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
2,100
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
$1,100,000
Asking Price
$1,100,000
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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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)
2,100
Other Information
Owner willing to Finance
No
Absentee Owner
No
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
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