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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$899,000
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
Amazing investment opportunity: MULTI-FAMILY & STORES 7-PLEX building in a prime, up-and-coming location, mere blocks from the prestigious waterfront condo district and St. Lawrence College. Located in the Le Village district, this property may be eligible for the City of Cornwall's ""Heart of the City""improvement program. This property boasts TWO lucrative COMMERCIAL units: an ALL WOMEN'S GYM- COMINGSOON and the well-established TKO NUTRITION, alongside FIVE charming residential spaces. The area's rapid development paints a promising picture for future appreciation, making this an excellent choice for savvy investors. Notably, there's untapped potential for rental escalation, allowing the possibility for enhanced returns. Seize this chance to own a piece of an evolving urban landscape, where opportunity and potential converge seamlessly. (id:39198)
Location
Province
Ontario
City
Cornwall
Address
319-321 325-327 Montreal Rd
Postal Code
K6H1B6
Location Highlights
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Listed by
RE/MAX MILLENNIUM REAL ESTATE 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
6,814
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
$899,000
Asking Price
$899,000
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)
6,814
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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