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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$699,000
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
ATTENTION Investors! A Unique Opportunity To Own A Corner Lot In The Center Of The City Of Belleville On. Exciting Development Opportunity! This Prime Property Is Located At A Light Controlled Intersection On A Main Artery With A Rare Entrance From A Side Street. Zoned C3 (Highway Commercial) The Existing 1,300Sf Building Has Been Most Recently Leased As Kitchen Cabinet Carpenter. Property Is Suited For Many Uses Like Franchise Businesses, Food Service, Dental Clinic, Car Dealership, Car Rental, Bank, Walk-In Clinic, Multi Unit Plaza, Offices Etc. (id:39198)
Location
Province
Ontario
City
Belleville
Address
252 N Front St
Postal Code
K8P3C4
Location Highlights
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Listed by
RE/MAX CROSSROADS REALTY INC. 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
7,867
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
$699,000
Asking Price
$699,000
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)
7,867
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
N/A
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