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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,495,000
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 2 1/2 STOREY MAJESTIC & STATELY LANDMARK COMMERCIAL BRICK BUILDING BUILT IN 1944 WITH OLD WORLD CHARM, BOASTS APPROX. 12,700 SQ FT & IS AN INCREDIBLE INVESTMENT OPPORTUNITY FULLY TENANTED TO ALL FEDERATED AND COMMUNITY ORGANIZATIONS OF LAMBTON COUNTY. LOCATED ON A 0.76 ACRE CORNER LOT OF SARNIAS DOWNTOWN CORRIDOR OF CHRISTINA ST. & DURAND ST. WITH HIGH VISIBILITY & TRAFFIC COUNT WITH GREAT CURB APPEAL. METICULOUSLY MAINTAINED WITH MODERN UPDATED OFFICE SPACES THROUGHOUT DESIGNATED BY EACH TENANT WITH SHARED COMMON AREAS OF KITCHENETTES & WASHROOM FACILITIES ON ALL LEVELS. HIGH CEILINGS, WIDE HALLWAYS & STAIRCASES WITH AN ABUNDANCE OF LARGE THERMO PANE WINDOWS PROVIDE NATURAL SUNLIGHT TO EACH STOREY & A NEW ELEVATOR ALLOWS ACCESSIBILITY FOR THE PUBLIC & CLIENTELE. A DESIGNATED 34 ON SITE PARKING SPACES IS AN IDEAL ASSET TO THE BUILDING PROVIDING GRADE LEVEL ENTRY. GC2-30 ZONING. **** EXTRAS **** STEPS TO ALL AMENITIES, CENTENNIAL PARK, RIVERFRONT, SARNIA BAY & SARNIA TRANSIT. MAKE THIS BUILDING A MUST SEE! (id:39198)
Location
Province
Ontario
City
Sarnia
Address
109 Durand St
Postal Code
N7T5A1
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
12,720
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
$1,495,000
Asking Price
$1,495,000
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)
12,720
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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