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Office Building For Sale at 479 Church Street in Alberton, Prince Edward Island

4 Sale ID #184074
Updated 27 Apr 2024

Asking Price

$229,000

Cap Rate help 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

Attention investors, here is a commercial rental investment property located on a busy street in town of Alberton. Ideal rental property if you are thinking on an investment real estate. This building is fully leased and has potential for another tenant. This property has seen many updates and has been well maintained, some updates are new asphalt shingled roof 3 years, new furnace, oil tank and hot water tank 4 years, parking area had new pavement 2 years, vinyl windows. Are you looking for a good investment?. (id:39198)

  • MLS® : #202324681
  • Date Listed : 27 Nov 2023

Location

Province

Prince Edward Island

City

Alberton

Address

479 Church Street

Postal Code

C0B1B0

Location Highlights

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Listed by

CENTURY 21 NORTHUMBERLAND REALTY Prince Edward Island listing

Category

office-buildings

Property Information

Premise Status

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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

3,100

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 help Furniture, Fixtures & Equipment that remain with the business.

Not Included

Inventory Value - approximate help 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 help 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 help 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 help 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 help Earnings Before Interest, Taxes, Depreciation, Amortization.

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Premises Size (square feet)

3,100

Other Information

Owner willing to Finance

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Absentee Owner

N/A

Support and Training

Not Included

Growth and Expansion

N/A

Market Competition

N/A


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