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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$799,999
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 is an exceptional opportunity to acquire a premium commercial property that offers limitless potential. Located at 1568 Linkletter Road, the property spans across an expansive 0.83-acre lot, predominantly paved for parking convenience. The front section of the building boasts around 2500 square feet of versatile office space, complete with washroom facilities and a wash bay. Moving to the rear, there's a spacious 75x80 propane heated shop featuring an upper mezzanine, culminating in an overall area of nearly 9000 square feet throughout the building. Its strategic proximity to the city of Summerside further enhances its appeal, making it a highly favorable location for diverse business ventures or simply use for rental income. Inquire today! All measurements are approximate and should be verified by the purchaser if deemed necessary. (id:39198)
Location
Province
Prince Edward Island
City
Summerside
Address
1568 Linkletter Street
Postal Code
C1N4J8
Location Highlights
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Listed by
ROYAL LEPAGE COUNTRY ESTATES 1985 LTD Prince Edward Island 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
8,875
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
$799,999
Asking Price
$799,999
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)
8,875
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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