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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$998,000
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
Unique opportunity to own two brand-new commercial condo units in the highly desirable South East Barrie. Strategically positioned directly on Yonge Street, these units are 1 min drive from the Barrie South GO Station, mere minutes from Hwy 400, and conveniently close to key arterial roads, ensuring unparalleled accessibility and visibility. Boasting a combined space of 1,452 sq. ft., these never-occupied units are a blank canvas ready for customization to fit your vision. Enjoy the benefits of corner exposure at a bustling, gentrifying intersection, enhanced by floor-to-ceiling windows that flood the space with natural light. Ideal for a wide array of businesses, from medical professionals and legal services to cafes and retail shops, Mixed-Use Corridor (Mu2) zoning. The location's synergy with existing establishments, including a dental office and veterinary clinic within the building, offers a vibrant community for your business. **** EXTRAS **** High density area with great traffic.Encircled by new homes, shopping centres &schools.Your business will enjoy significant foot traffic and visibility. Rare opportunity to establish your presence in one of Barrie's most desirable location. (id:39198)
Location
Province
Ontario
City
Barrie
Address
##20&21 -681 Yonge St
Postal Code
L9J0K1
Location Highlights
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Listed by
RE/MAX GORDON GROUP REALTY 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
1,452
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
$998,000
Asking Price
$998,000
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)
1,452
Other Information
Owner willing to Finance
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Absentee Owner
N/A
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
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Why this Marketplace was Created
Frustrated by the timely process of searching for businesses and commercial properties on the market, the founders at Businesses 4 Sale created a platform to transform the business/commercial property buying and selling experience. The database compiles the most relevant information from multiple industry sources, making it easy for future business/commercial property owners and sellers to find exactly what they are looking for.
