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Benefits
Asking Price
$475,500
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
If you're looking for an ideal commercial investment property, take a look at 24 Brook St. Centrally located in downtown Corner Brook, this building boasts over 5000 sq ft of rentable space. The front section, currently rented, contains 12 offices, a boardroom, kitchen, two bathrooms, storage room, utility room, large reception area, and lobby. The back section features a large open space with two offices, two bathrooms, a kitchen, plus a large garage with loading door. The back deck is wheelchair accessible. The building rests on a 66 X 214 lot with a fully paved parking lot in front, side and back. You get a modern building in an excellent location. Take a look at this commercial investment property today. (id:39198)
Location
Province
Newfoundland & Labrador
City
Corner Brook
Address
24 Brook Street
Postal Code
A2H2T7
Location Highlights
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Listed by
SOLID ROCK REALTY 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
5,520
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
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Financial Information
Yearly Rate
$475,500
Asking Price
$475,500
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)
5,520
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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