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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$409,000
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
This is an excellent location for an opportunity to own a Charlottetown Commercial property, currently used as a retail shop and previously used as a Yoga and dance studio. With its MUC zoning has so many permitted uses and endless possibilities (see list attached). This is a high traffic location with tons of visual exposure, close to shopping, public transit, and popular restaurants. There is also a convenient customer parking lot located at the back with wheelchair access. This building has a designated entry way/mud room, office space, 2 bathrooms, additional storage/office space, and the 25.1x21.1 main studio. The studio has lots of lighting and natural light from the two large front windows which the front windows are double pane with the outer pane being safety glass, which dramatically cuts down on street noise, hardwood flooring, and wired for speakers. Opportunities like this don't come around often, don?t miss out on your chance to make this location your own successful business! (id:39198)
Location
Province
Prince Edward Island
City
Charlottetown
Address
344 University Avenue
Postal Code
C1A4M7
Location Highlights
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Listed by
COLDWELL BANKER/PARKER REALTY Prince Edward Island listing
Category
Property Information
Premise Status
Includes REAL ESTATE
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
735
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
$409,000
Asking Price
$409,000
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)
735
Other Information
Owner willing to Finance
No
Absentee Owner
No
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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