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Retail Property For Sale at 3200-10 HOMESTEAD DRIVE in Hamilton, Ontario

New
4 Sale ID #248992
Updated 20 Jun 2024

Asking Price

$5,720,000

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

Lot Size

N/A

Building Size

N/A

Premise Summary

Opportunity knock-knock! Approved for additional 92 rooms hotel + 15,000 Commercial retail space+2 Building 3200 and 3210 Homestead Dr *A Huge LOT of over 2 Acres*A wonderful Free-Standing Buildings, Strategically located on corner o Airport Rad/Homestead Dr *Zoned for District Commercial C6 * Multi Business Tenants using for pizza shop, coffee shop, beauty salon and many other retail and office. Get benefit of slow market*Over 10,000 SQF covered area currently usage Restaurants 3 apartments 2 bed. (id:39198)

  • MLS® : #X8430592
  • Date Listed : 12 Jun 2024

Location

Province

Ontario

City

Hamilton

Address

3200-10 Homestead Drive

Postal Code

L0R1W0

Location Highlights

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Listed by

RE/MAX REAL ESTATE CENTRE INC. Ontario listing

Category

retail-properties

Property Information

Premise Status

N/A

With Accommodation

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Tenancy

N/A

Lot Size

N/A

Available Space

N/A

Building Size

2

Year Built

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Years Remaining in Current Lease Term

N/A

Renewal Options

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Operational Information

Number of Working Owners

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Current Owner - years

N/A

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

$5,720,000

Asking Price

$5,720,000

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.

N/A

Gross Revenue- annual

N/A

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.

N/A

Premises Size (square feet)

2

Other Information

Owner willing to Finance

N/A

Absentee Owner

N/A

Support and Training

Not Included

Growth and Expansion

N/A

Market Competition

N/A


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