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Retail Property For Sale at 11 WALNUT STREET S in Hamilton, Ontario

4 Sale ID #240265
Updated 20 Jun 2024

Asking Price

$1,150,000

Cap Rate help 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.

N/A

Lot Size

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Building Size

N/A

Premise Summary

Downtown central business district (D1) Zone, with a lot of permitted uses. Solid 2stry brick and block building with full basement approximate 1650 sqft each floor. 2 entrances on each floor. Total 4 washrooms, 2(2nd flr) 1(main flr). 1(basement). Property is in very good condition & backs onto tons of municipality parking. Recent Upgrades including: New flat Roof, -2019; 3 New Windows, -2019; New Hot Water Tank, - 2016. **** EXTRAS **** Funded in 2002, long established famous Liu Liu Hot Pot restaurant at main floor (60 seats) and second floor (60 seats); KARAOKE at basement (30 seat). All Liquor Licensed. Existing chattels negotiable. Owner retired. Excellent opportunity! (id:39198)

  • MLS® : #X8353002
  • Date Listed : 18 May 2024

Location

Province

Ontario

City

Hamilton

Address

11 Walnut Street S

Postal Code

L8N2K8

Location Highlights

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Listed by

RE/MAX ESCARPMENT REALTY INC. Ontario listing

Category

retail-properties

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

N/A

Building Size

3,300

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 help Furniture, Fixtures & Equipment that remain with the business.

Not Included

Inventory Value - approximate help Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.

Not Included

Franchise

N/A

Financial Information

Yearly Rate

$1,150,000

Asking Price

$1,150,000

Cap Rate help 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.

N/A

NOI help Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.

N/A

Gross Revenue- annual

N/A

Cash Flow - annual help 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)

N/A

EBITDA help Earnings Before Interest, Taxes, Depreciation, Amortization.

N/A

Premises Size (square feet)

3,300

Other Information

Owner willing to Finance

N/A

Absentee Owner

N/A

Support and Training

Not Included

Growth and Expansion

N/A

Market Competition

N/A


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