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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,389,000
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
Lot Size
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Building Size
N/A
Premise Summary
Enjoy ownership of a special historic part of Main Street Picton. This romantic building has 2 charming commercial spaces and a large 2 bedroom apartment above the shops. Couldnt be a better spot with parking for 7 cars, a garage and a laneway leading to Mary Street behind the building. So County and literally steps to the Regent Theatre, the Carnegie Public Library, the Royal Hotel and surrounding shops and restaurants. Own a part of the past and the future of downtown Picton with the added benefit of loyal tenants! **** EXTRAS **** New furnace in 2023. (id:39198)
Location
Province
Ontario
City
Prince Edward
Address
202 Picton Main St
Postal Code
K0K2T0
Location Highlights
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Listed by
ROYAL LEPAGE PROALLIANCE REALTY 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
3,094
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
N/A
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
$1,389,000
Asking Price
$1,389,000
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)
3,094
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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