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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$299,000
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
A piece of Corner Brook history. The Palace was est. back in 1936 and has hosted some of the cities most iconic events throughout the decades. Now it's time for the building to find another purpose. With over 5000 sq ft of open space this large 96 x 48 building can have multiple uses. Centrally located in the heart of downtown, the exposure is second to none. The building has had some major renovations over the recent years, from electrical and heating, to fire and security system and even some exterior work. Inside the large open room spans the entire length of the building and with some creativity can be used for a variety of new uses. Above the front part of the building there is a finished space that is great for lease or even small offices. (id:39198)
Location
Province
Newfoundland & Labrador
City
Corner Brook
Address
34 Broadway
Postal Code
A2H4C4
Location Highlights
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Listed by
RE/MAX Realty Professionals Ltd. - Corner Brook Newfoundland & Labrador 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
5,358
Year Built
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Years Remaining in Current Lease Term
N/A
Renewal Options
N/A
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
$299,000
Asking Price
$299,000
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.
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Premises Size (square feet)
5,358
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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