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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$479,900
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
A great opportunity to purchase one of Exeter?s finest downtown mixed use buildings. 1260 square feet of retail/office space + 947 square feet of a beautiful upper apartment. This building has been completely renovated and is move-in ready. The basement of this building is superior to similar buildings and has separate entrance from rear. Main floor is currently being used as office/minor warehousing but has been used as hairdressing salon in past. Upper apartment is New York loft style, bright and spacious with open living/dining/kitchen area. 3 pc bath, laundry rough-ins (laundry in commercial unit too) Hardwood floors refinished, windows replaced, includes appliances, gas bbq, heat pump a/c, chairs for island. Also has huge, refinished private deck area. Apartment is easily separated from commercial unit and can be used as a separate unit. There are 2 hydro meters. Forced air heat and ac throughout building. New roof October 2024. Both commercial and residential unit have rear outside doors. Two parking spaces. A great investment or owner operated business and living opportunity. (id:39198)
Location
Province
Ontario
City
South Huron
Address
359 Main Street S
Postal Code
N0M1S7
Location Highlights
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Listed by
Royal LePage Heartland 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
2,207
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
$479,900
Asking Price
$479,900
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)
2,207
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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