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Office Building For Sale at 76 Kent Street in Charlottetown, Prince Edward Island

New
4 Sale ID #228084
Updated 03 May 2024

Asking Price

$975,000

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

The property's character of yesteryear still remains in the interior yet the exterior has been completely refurbished with a new steel roof and maintenance free siding.This two storey Professional Building features original hardwood floors, douglas fir trim plus a fireplace (not presently in use) walk up attic and parking for 3-4 vehicles in the private driveway. A kitchenette is located on the second floor, there is also a large walk up attic for storage. The basement dimensions are 28x50 ,where there is a commercial furnace and fiberglass oil tank. The main level area is 1180 Sq'ft, 2nd floor 1180 Sq'ft. Number of rooms is 10, heating cost $3980.00/yr, Electricity $1390.00, Water $315 The seller is a listing agent . (id:39198)

  • MLS® : #202407587
  • Date Listed : 17 Apr 2024

Location

Province

Prince Edward Island

City

Charlottetown

Address

76 Kent Street

Postal Code

C1A1M9

Location Highlights

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Listed by

BELL REALTY PEI 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

2,360

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

$975,000

Asking Price

$975,000

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.

N/A

Premises Size (square feet)

2,360

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


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