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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$999,900
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
Imagine the possibilities of owning this 7895 sqft commercial building in the heart of Midland's newly revamped downtown core. With great exposure in this highly visible and high traffic area, this building features 3860 sqft of main floor retail space and 4035 sqft of second floor office/apartment space with a full kitchen and 2 full bathrooms. Great opportunity to add multi-residential units. Not to mention the full unfinished basement for ample storage! 3 parking spots behind the building and 2 parking spots in the garage. Roof is approx. 10 years old, windows 14 years old, 200 amp for the main and second floor, additional 100 amp for basement. The incredible investment opportunity for a building like this doesn't come around often. Needs to be seen in person to truly appreciate the potential, history and character that this building has to offer. **** EXTRAS **** Legal Description: PT LT 8 W/S KING ST PL 306 MIDLAND PT 1 51R10838; T/W RO753883; MIDLAND (id:39198)
Location
Province
Ontario
City
Midland
Address
276 King St
Postal Code
L4R3M6
Location Highlights
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Listed by
KELLER WILLIAMS EXPERIENCE 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
7,895
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
$999,900
Asking Price
$999,900
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)
7,895
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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