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Retail Property For Sale at 45 Main Street W in Grimsby, Ontario

New
4 Sale ID #240588
Updated 20 Jun 2024

Asking Price

$599,900

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

DOWNTOWN GRIMSBY STOREFRONT! Great visibility and low maintenance building with great driveway and foot traffic. Located in Grimsby the Grimsby downtown core near Christie/Mountain St intersection. 777 sq ft building. (id:39198)

  • MLS® : #H4194637
  • Date Listed : 21 May 2024

Location

Province

Ontario

City

Grimsby

Address

45 Main Street W

Postal Code

L3M1M7

Location Highlights

N/A

Listed by

RE/MAX Escarpment Golfi Realty Inc. Ontario listing

Category

retail-properties

Property Information

Premise Status

N/A

With Accommodation

N/A

Tenancy

N/A

Lot Size

N/A

Available Space

N/A

Building Size

777

Year Built

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Years Remaining in Current Lease Term

N/A

Renewal Options

N/A

Operational Information

Number of Working Owners

N/A

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

$599,900

Asking Price

$599,900

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)

N/A

EBITDA help Earnings Before Interest, Taxes, Depreciation, Amortization.

N/A

Premises Size (square feet)

777

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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