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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$449,000
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
Located in the heart of Downtown Prescott with view of the St. Lawrence River. Known as the historic Fort Town, Prescott is located on the north shore of the Saint Lawrence River and welcomes many tourists throughout the warmer months. It is also home to thernCanadian Coast Guard. This two-storey mixed use building is located on the Southeast corner of King Street West and Centre Street and is in close proximity to the waterfront.rnThis is the first time this building is being offered as a sale in over 65 years and is a great redevelopment option for any investor, or owner user. There are Two (2) tenants onsite being HR Block and Prescott Subs, along with two smaller vacant spaces, and a 2nd floor residential area that previously had four residential units.rnThis is a perfect opportunity for an owner user wishing to secure a site for their Business and potentially residence, while collectingrnrevenue from the in place tenants, and for the investors it allows the ability to acquire the building and complete a renovation to the 2nd floor residential units, as well as securing new tenancies for the vacant commercial, street front units.rnPlease request the offer template and additional instructions for submission. (id:39198)
Location
Province
Ontario
City
Prescott
Address
199 King St W
Postal Code
K0E1T0
Location Highlights
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Listed by
ROYAL LEPAGE PROALLIANCE 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
5,663
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
$449,000
Asking Price
$449,000
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.
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.
N/A
Premises Size (square feet)
5,663
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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