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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$299,900
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
Great opportunity to own a commercial property on the main street in Dutton, a growing community which has quick and easy access to the 401. Property consists of approximately 3200 sf of space as well as a fenced adjacent vacant lot. This property was formerly a small engine sales & repair business. Large, bright front retail space & generous back area with 2 garage doors used as a workshop. Alarm system, security bars on large front window & 2 steel security doors. Two gas furnaces, air conditioning unit, one 2 pc bathroom & 2 hydro panels. Upper level on back end of building could be used for more storage. You can easily convert this space to suit your needs. 161 Currie Road could be your next investment opportunity! (id:39198)
Location
Province
Ontario
City
Dutton
Address
161 Currie Road
Postal Code
N0L1J0
Location Highlights
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Listed by
SUTTON GROUP PREFERRED REALTY INC., BROKERAGE 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
2,900
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
$299,900
Asking Price
$299,900
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)
2,900
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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