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Retail Property For Sale at 22 EAST 25TH STREET in Hamilton, Ontario

New
4 Sale ID #240628
Updated 20 Jun 2024

Asking Price

$1,295,000

Cap Rate help 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, developers and business owners! Rare opportunity to own a parcel of commercial land currently being used as a greenhouse with retail area and monthly hospital parking awaits. Currently includes 9 customer parking spots in front and up to 15 business parking spots in the rear. Greenhouse tenant is willing to stay long term, and business is not for sale. (id:39198)

  • MLS® : #X8357790
  • Date Listed : 16 May 2024

Location

Province

Ontario

City

Hamilton

Address

22 East 25th Street

Postal Code

L8V3A1

Location Highlights

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Listed by

RE/MAX ESCARPMENT REALTY INC. Ontario listing

Category

retail-properties

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

8,374

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 help Furniture, Fixtures & Equipment that remain with the business.

Not Included

Inventory Value - approximate help Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.

Not Included

Franchise

N/A

Financial Information

Yearly Rate

$1,295,000

Asking Price

$1,295,000

Cap Rate help 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 help 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 help 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 help Earnings Before Interest, Taxes, Depreciation, Amortization.

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Premises Size (square feet)

8,374

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

N/A


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