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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$295,000
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.
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Lot Size
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Building Size
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Premise Summary
This solid brick commercial building offers an excellent opportunity for professionals looking to establish or expand their practice in a high-demand area. Previously used as a chiropractic office, the space features a smart and functional layout designed for productivity and client comfort. Inside, you will find four treatment rooms, two offices, three storage rooms, and a convenient two-piece bathroom. At the heart of the space is a beautifully crafted solid oak reception area that adds warmth, character, and a professional touch. The welcoming entrance flows into a bright and comfortable waiting area, creating a strong first impression for clients and patients alike. The layout is both practical and efficient, making it ideal for a variety of professional uses such as healthcare, wellness, or administrative services. A new membrane roof was installed in 2015, and the furnace and air conditioning were updated in 2020, offering peace of mind and long-term value. Located in the sought-after community of South Porcupine, this property combines visibility, accessibility, and long-lasting construction - perfect for your next business venture. (id:39198)
Location
Province
Ontario
City
Timmins
Address
Bruce
Postal Code
P0N1H0
Location Highlights
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Listed by
REVEL REALTY INC. 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
3,731
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
$295,000
Asking Price
$295,000
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.
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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)
3,731
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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