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Retail Property For Sale at 3835 MCBEAN STREET in Richmond, Ontario

4 Sale ID #335495
Archived 07 Feb 2025

Asking Price

$2,499,999

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.

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Lot Size

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Building Size

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Premise Summary

1 acre of Industrial land with RG3[151r] Industrial zoning located in Richmond. Prime development opportunity With tons of new home developments in the Direct area. The businesses on the lot are all fully leased. 3835 McBean is being sold with 3833 McBean which is the lot directly to the left when facing the property and all details are included in this listing. It currently has a food truck and Storage rentals containers on it, both lots have 100 feet of frontage. “The owner of the property is currently operating the business Richmond Motorsports in the front unit and will Consider selling the business in addition to the property. 24 hour irrevocable on all offers and 24 hours notice for showings. (id:39198)

  • MLS® : #1402932
  • Date Listed : 19 Jul 2024

Location

Province

Ontario

City

Richmond

Address

3835 Mcbean Street

Postal Code

K0A2Z0

Location Highlights

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Listed by

EXP REALTY Ontario listing

Category

retail-properties

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

7,960

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 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

$2,499,999

Asking Price

$2,499,999

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.

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Gross Revenue- annual

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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.

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Premises Size (square feet)

7,960

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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