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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$679,900
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
Endless potential at this Commercial/Residential Property Located on Memorial in Orillia just south of the OPP Head Quarters, and Georgian College. Live in or rent out residential space and operate a business in this high traffic area with easy highway access. Commercial space includes front office/visitor centre, store front space and two large garage bays with 10’ X 10’ overhead doors and additional storage spaces. Large front outdoor parking area. Residential property features a 1080 sq.ft, 3 Bdrm with 2 bathroom apartment. The large private backyard is grass covered and includes an additional storage building. Lot size is 300’ frontage by 130’ deep. Property Backs on to undeveloped land. This property is perfect for car mechanic or car and boat dealers, landscaping company, contractors, heavy equipment or investors. Many possibilities for this property on an extremely high traffic area. (id:39198)
Location
Province
Ontario
City
Orillia
Address
837 Memorial Avenue
Postal Code
L3V0T7
Location Highlights
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Listed by
Century 21 B.J. Roth Realty Ltd., Brokerage, Orillia 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
3,060
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
$679,900
Asking Price
$679,900
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)
3,060
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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