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Suite of tools & services
Benefits
Asking Price
$2,450,000
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
Join in the new energy of the revitalized Downtown St. Catharines! Wonderful Flagship commercial property with amazing visibility, facing one of St. Catharines highest traffic intersections. St. Paul Street is the heart of the City’s Downtown and has benefited from recent revitalization efforts, which include the construction of the Meridian Sports and Entertainment Centre; the four venue FirstOntario Performing Arts Centre; The Marilyn I. Walker School of Fine and Performing Arts; the new Carlisle Parking Garage; and the conversion of the downtown street system back to two-way traffic, with an emphasis on pedestrians, sidewalk cafés and walkable infrastructure. Future benefits will be seen from 3 large high-rise developments that are currently approved by the City and are in varying stages of development and construction, offering an additional 982 new residential units to the City’s core. Adding to the excitement downtown, is the pending redevelopment of the site of the former Jack Gatecliff and Rex Stimers Arenas, just minutes from this wonderful property. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Building and Land are offered for sale, with possibility to purchase the business separately. This unique property is of solid superior construction and is zoned C6 / M1 allowing a wide range of commercial and residential uses. The main floor boasts 2,883 square feet with access to the rear paved parking lot with 5 parking spaces. The basement and second floor are 668 and 969 square feet respectively. The building also features two combination vaults, recalling its original banking origins. This property offers live / work potential and would make a great location for established retail, commercial offices, residential conversion or for land assembly for a larger development. Building and Property being sold As Is. (id:39198)
Location
Province
Ontario
City
St. Catharines
Address
469 St. Paul Street
Postal Code
L2R3N4
Location Highlights
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Listed by
SOTHEBY'S INTERNATIONAL REALTY, BROKERAGE 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
4,520
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
$2,450,000
Asking Price
$2,450,000
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)
4,520
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
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Market Competition
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