Rotate your device back to portrait Mode!
Rotate your device back to portrait Mode!
BROKERS Register for FREE
BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,099,000
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
Unlock the potential of this property's unique and versatile Residential Office zoning, providing a prime opportunity for professionals to establish a commercial presence in the heart of Midland while enjoying the comforts of a charming century home. Upon entering, you'll be captivated by the grand formal entrance and the abundance of natural light that fills the space. The layout is thoughtfully designed, featuring a formal dining room, dual staircases at the front and back, and two sunrooms – one accessible from the primary bedroom and the other from the living room. Organization is made easy with two separate driveways, providing convenient access from both Hugel Ave and Third St. Additionally, there is a heated and insulated detached double car garage and the roof was replaced 7-8 years ago. Whether you're eager to establish a professional presence, create a comfortable home, or strike the perfect balance between the two, this property offers endless possibilities. Own a piece of Midland's history and seize this opportunity to make your mark. Some photos have been virtually staged. (id:39198)
Location
Province
Ontario
City
Midland
Address
600 Hugel Avenue
Postal Code
L4R1W4
Location Highlights
N/A
Listed by
Keller Williams Experience Realty, Brokerage (255 King St) Ontario listing
Category
Property Information
Premise Status
N/A
With Accommodation
N/A
Tenancy
N/A
Lot Size
N/A
Available Space
N/A
Building Size
3,267
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
$1,099,000
Asking Price
$1,099,000
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.
N/A
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)
N/A
EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
N/A
Premises Size (square feet)
3,267
Other Information
Owner willing to Finance
N/A
Absentee Owner
N/A
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
Save this Listing
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.
