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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$649,000
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
Downtown commercial building with 2 residential units. This well-appointed premium building offers incredible curb appeal and a versatile layout. Formerly a dental practice. The main floor offers 8 rooms including reception and private offices. Basement with walkout, storage and a lunchroom with 3 pc washroom. The second floor features 2 apartments each offering 2 levels. 3 stories in total. Front entrance with convenient accesses plus fire escape stairwells. The building has been exceptionally maintained. The shingles were replaced in 2023. Excellent exposure on one of Sudbury's main arteries and adjacent to the Court House. Parking for 8-10 cars plus the new owner can benefit from acquiring the vacant C4(1) lot next door which is currently being offered for sale. Pride of ownership is evident. Must be seen to be appreciated. Immediate possession. (id:39198)
Location
Province
Ontario
City
Sudbury
Address
Elm
Postal Code
P3C1T8
Location Highlights
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Listed by
JOHN E. SMITH REALTY SUDBURY LIMITED, BROKERAGE 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
0
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
$649,000
Asking Price
$649,000
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)
0
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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