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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$2,750,000
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
Great opportunity to own the good income investment property in world famous Niagara Falls downtown ""Clifton Hill Tourist Area"" commercial mixed use building. Walking distance to all attractions and the falls. Well established 2 commercial units on the main floor and 4 two bedroom apartment units above. Fully renovated in the recent years. Tenant pays TMI and utilities. Ample parking. **** EXTRAS **** Rent roll is ready. Coop commission will be reduced by 50% if the property s shown by the listing agent. Separately metered. (id:39198)
Location
Province
Ontario
City
Niagara Falls
Address
5077 Centre St
Postal Code
L2G3N8
Location Highlights
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Listed by
ROYAL LEPAGE REAL ESTATE SERVICES 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
6,600
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
$2,750,000
Asking Price
$2,750,000
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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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)
6,600
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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