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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$4,980,000
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
Exceptional Opportunity For A User/Investor Or "Value-Add" Buyer To Acquire A Prominent Corner Property Fronting Main Street And Highway 7 At The Gateway To Unionville. Prime Location In The Heart Of Markham. The Property Comprises A 2,200+/- SF Converted House And A 7,120 SF Commercial Building (Converted House With Addition), Situated On 0.74 Acres Of Land. The Property Is 100% Leased To Three Established Tenants, Including A Spa, A Pottery Studio, And A Lawyer's Office, With The Vendor Currently Occupying The Second Floor (Will Vacate Or Can Lease Back). The Basement Offers Strong Income Potential Of Approximately $4,000 Per Month. The Entire Building Has Been Professionally Renovated Over The Pass Few Years. Offering More Than 5% Return On Investment, With Excellent Exposure And Quick Access To Hwy 404 And 407. (id:39198)
Location
Province
Ontario
City
Markham
Address
Main
Postal Code
L3R2G1
Location Highlights
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Listed by
SMART SOLD 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
9,320
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
$4,980,000
Asking Price
$4,980,000
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)
9,320
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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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.
