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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$389,900
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
INCREDIBLE INVESTMENT OPPORTUNITY OR PERFECT FOR A COMMERCIAL OWNER OCCUPIED TENANT TO OWN A PRISTINE, 2,400 SQ FT OF FINISHED SPACE, 1 STOREY COMMERCIAL, PREVIOUS MEDICAL BUILDING WITH CLOSE PROXIMITY TO BLUEWATER HEALTH HOSPITAL & CENTRAL SARNIA AMENITIES. ON-SITE PAVED PARKING IN BACK OF BUILDING, WITH 2 SEPARATE GRADE ENTRANCES AT SIDE & BACK FOR EASY ACCESS FOR PATIENTS OR CLIENTELE. PERFECT SET UP WITH A WAITING ROOM, 2 MAIN OFFICES HAVE VAULTED CEILINGS WITH LARGE SKYLIGHT, BRINGING IN NATURAL SUNLIGHT THROUGHOUT. THERE IS A SPACIOUS RECEPTION AREA & TREATMENT ROOMS ARE WELL APPOINTED. THE ONE 2 PC WASHROOM IS HANDICAP ACCESSIBLE, MAKING PATIENTS ACCESSIBILITY VERY FUNCTIONAL. THE BUILDING IS EQUIPPED WITH A SECURITY SYSTEM & FIBRE OPTIC. POTENTIAL TO ADD ADDITIONAL TENANT(S) FOR ADDED INCOME IN THE LOWER LEVEL ALREADY EQUIPPED WITH ANOTHER 2 PC. WASHROOM & SPACIOUS SEPARATE ROOM LAYOUT. THIS METICULOUSLY MAINTAINED BRICK STRUCTURE HAS GREAT CURB APPEAL & HAS MANY POSSIBILITIES WITH (GC-1) GENERAL COMMERCIAL ZONING. HOT WATER TANK IS ELECTRIC & OWNED (2021), & HI-EFFICIENCY FURNACE BY RELIANCE (RENTAL). (id:39198)
Location
Province
Ontario
City
Sarnia
Address
Cameron
Postal Code
N7T4V8
Location Highlights
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Listed by
RE/MAX METROPOLIS 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
2,400
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
$389,900
Asking Price
$389,900
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)
2,400
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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