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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$750,000
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 exceptional commercial listing presents a lucrative opportunity for investors seeking a prime location with abundant tenant and customer parking. The main floor boasts a bright and open commercial space, perfect for various business endeavours. Featuring a spacious layout with a checkout area, bathroom facilities, and a back stock room complete with a secondary exit leading to the parking area, this space is ready to accommodate your entrepreneurial vision. The second level offers a charming apartment with a well-appointed kitchen, bright living area, bedroom and full bathroom. Positioned amidst the bustling downtown business community and steps to Cobourg Beach, this property offers unparalleled potential for income growth. Join the vibrant local scene and capitalize on the endless opportunities for success. Whether you are an aspiring entrepreneur or a seasoned investor, seize the chance to elevate your portfolio with this exceptional income-generating asset. (id:39198)
Location
Province
Ontario
City
Cobourg
Address
46 Covert St
Postal Code
K9A2L6
Location Highlights
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Listed by
RE/MAX HALLMARK FIRST GROUP REALTY LTD. 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
2,665
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
$750,000
Asking Price
$750,000
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.
N/A
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)
2,665
Other Information
Owner willing to Finance
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Absentee Owner
N/A
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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