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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$559,900
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
Building and Land Only, Not the business. EXCELLENT LOCATION ON ERIE RD IN CRYSTAL BEACH. LOTS OF POTENTIAL IN THE CENTER OF TOURIST TOWN. It is zoned commercial residential. The back of the building is empty waiting for a tenant. A florist business is in the front part of the building and pays 1170 a month plus hydro and water. Their lease is over November 2025. There is also the Crystal Beach Secondary Plan worth reviewing, you can build up 3 floors. The driveway is a money maker, you can turn it into a patio, bring in a sushi restaurant, just some of many ideas. (id:39198)
Location
Province
Ontario
City
Fort Erie
Address
3970 Erie Rd
Postal Code
L0S1B0
Location Highlights
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Listed by
RIGHT AT HOME 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
1,420
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
$559,900
Asking Price
$559,900
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)
1,420
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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