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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$735,000
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
N/A
Building Size
N/A
Premise Summary
641 King Street is a large and spacious building with a 115'2 x 116 footprint main floor commercial space and second floor addition over top of half the building. The majority has been deconstructed inside, allowing for the building to be easily renovated into commercial and office spaces or, demolished to construct 50-75 housing units; formerly Gow's Home Furniture and appliance store location for many years. There are two parking spaces with a 5th short term space directly behind #629, metered parking spaces along the street and several Town parking lots in close proximity. One development example would be 50 to 75 units housed in a 5 to 6 story building with ground floor/King Street level commercial. The Town of Bridgewater is growing and the main commercial shopping district between Halifax and Yarmouth. Anchored in a high traffic area along the main street of Bridgewater, you?ll find this extraordinary development opportunity. (id:39198)
Location
Province
Nova Scotia
City
Bridgewater
Address
641 King Street
Postal Code
B4V1B5
Location Highlights
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Listed by
RE/MAX Banner Real Estate (Bridgewater) Nova Scotia listing
Category
Property Information
Premise Status
Includes REAL ESTATE
With Accommodation
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Tenancy
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Lot Size
N/A
Available Space
N/A
Building Size
0
Year Built
N/A
Years Remaining in Current Lease Term
N/A
Renewal Options
N/A
Operational Information
Number of Working Owners
N/A
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
$735,000
Asking Price
$735,000
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)
0
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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