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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$229,000
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
N/A
Building Size
N/A
Premise Summary
A fantastic investment opportunity awaits the business-minded entrepreneur! Situated in the heart of town on prime Main Street, this multi-use commercial property offers a rare combination of business potential and consistent rental income. The main floor features two versatile commercial units with public washrooms, perfect for retail, office or service based businesses. These spaces can be converted into monthly rental apartments offering flexibility and income potential. The two rear apartments features a one bedroom and a two bedroom apartment - both occupied by long term tenants, which provides immediate revenue. Excellent visibility and accessibility along with close proximity to all local amenities, shops and services. Whether you're looking to start a new business - this property delivers. With multiple income streams and central location, its a smart move for any entrepreneur! Call today to arrange your showing! (id:39198)
Location
Province
Newfoundland & Labrador
City
Deer Lake
Address
North Main
Postal Code
A8A1W8
Location Highlights
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Listed by
RE/MAX Realty Professionals Ltd. - Deer Lake Newfoundland & Labrador listing
Category
Property Information
Premise Status
Includes REAL ESTATE
With Accommodation
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Tenancy
N/A
Lot Size
N/A
Available Space
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Building Size
4,170
Year Built
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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
$229,000
Asking Price
$229,000
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
N/A
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)
4,170
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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Why this Marketplace was Created
Frustrated by the timely process of searching for businesses and commercial properties on the market, the founders at Businesses 4 Sale created a platform to transform the business/commercial property buying and selling experience. The database compiles the most relevant information from multiple industry sources, making it easy for future business/commercial property owners and sellers to find exactly what they are looking for.
