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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,350,000
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
Great opportunity to purchase a commercial building with 2 long term tenants and a large vacant lot to build new, expand the current building or do as you please. With a C3 zoning many uses are permitted from a bakery, pub, bowling alley, church, medical clinic, restaurant, office space, many more options. Situated beside the fire hall, across from the High School, down from the Pyramid Centre and on a busy industrial street off of Highway 7, this prime location is just waiting to be used to its full potential. St Marys is growing and with one visit there you will see why. The small town charm and bustling business atmosphere is the perfect place to get in on the commercial market. (id:39198)
Location
Province
Ontario
City
St. Marys
Address
162 James Street South Street S
Postal Code
N4X1A1
Location Highlights
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Listed by
CENTURY 21 FIRST CANADIAN CORP., 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
2,700
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
$1,350,000
Asking Price
$1,350,000
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.
N/A
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)
2,700
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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