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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$3,200,000
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
Attention Investors: Original Jefferson School House Heritage Building subject to zoning amendment! Existing Heritage Bldg Can Be Used As Automotive, Medical Office, Dental, Personal Services Office, Animal Clinic, Funeral Services, etc. Build Out or Renovate and Move In Now! Site Connected To Services. Current Zoning Allows For 14 Parking Spots. Potential condo site with over 50,000 gfa. Rarely Offered 165Ft Frontage On Yonge Street! Architectural renderings attached. **** EXTRAS **** Sold AS IS, Zoning to be verified with the city by Buyer and Their Agent. Exterior Showings only due to construction fence. Last picture is an architectural rendering of an office building incorporating the facade of an existing structure. (id:39198)
Location
Province
Ontario
City
Richmond Hill
Address
11575 Yonge St
Postal Code
L4E3N8
Location Highlights
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Listed by
SUTTON GROUP-ADMIRAL REALTY INC. 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
$3,200,000
Asking Price
$3,200,000
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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