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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$599,900
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
LOCATION! LOCATION! LOCATION! Corner lot with high visibility! This site is waiting to be redeveloped. One concept has been presented, however, there are many opportunities to explore. Currently, the site presents a Solid Building that has been well-maintained and updated. Loads of parking. The large rear shed offers plenty of room to expand into or tear down and rebuild a new larger purpose-built addition. Currently, the building is leased to 4 small businesses and has 2 vacant units. Consisting of 3 individual offices on each level. Other features consist of a kitchenette and washroom on each level. The large 2 story storage facility at the rear of the building is shared. The furnace, hot water tank, and wiring have all been recently updated. Central Wi-Fi is available. The property is beautifully landscaped with an interlocking brick walkway from the driveway to the covered porch entrance whichh adds a charming country flavor to the Kemptville downtown commercial area. (id:39198)
Location
Province
Ontario
City
Kemptville
Address
502 Rideau Street Unit#1-6
Postal Code
K0G1J0
Location Highlights
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Listed by
KELLER WILLIAMS INTEGRITY REALTY Ontario listing
Category
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
0
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
$599,900
Asking Price
$599,900
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)
0
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
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Market Competition
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