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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$2,079,000
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
COMMERCIAL PLAZA THAT IS FULLY RENTED AND LOCATED ON THE CORNER OF ERIE AND HOWARD HAS A TOTAL BUILDING AREA OF 8,200 SQUARE FOOTAGE (PLUS A FULL BASEMENT). 4 COMMERCIAL TENANTS AND A PAVED LOT IN THE BACK THAT HAS PARKING AVAILABLE FOR OVER 25 CARS. EXCELLENT OPPORTUNITY IN THE GROWING AREA OF ERIE ST. VENDOR TAKE BACK FOR QUALIFIED BUYER. (id:39198)
Location
Province
Ontario
City
Windsor
Address
Erie St E + 1014-1018 Howard
Postal Code
N9A3X8
Location Highlights
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Listed by
REGENCY REALTY LIMITED BROKERAGE Ontario listing
Category
Property Information
Premise Status
Includes REAL ESTATE
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
N/A
Financial Information
Yearly Rate
$2,079,000
Asking Price
$2,079,000
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
No
Absentee Owner
No
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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Why this Marketplace was Created
Frustrated by the timely process of searching for businesses and commercial properties on the market, the founders at Businesses 4 Sale created a platform to transform the business/commercial property buying and selling experience. The database compiles the most relevant information from multiple industry sources, making it easy for future business/commercial property owners and sellers to find exactly what they are looking for.
