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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,599,000
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
Excellent Traditional Mainstreet zoned commercial mixed building with 7% cap rate! Main level + basement is currently leased to a full service restaurant sits approx 40. Upper level 2bed/1bath residential apartment offers great mix use flexibility. Fully tenanted, nestled within a thriving urban hub boasting diverse retail and commercial amenities, this prime location sits just north of Catherine St and the Queensway with convenient access to the downtown core, bustling employment centers, recreational hotspots, Parliament Hill, the Canal, vibrant shopping districts and burgeoning infill developments. (id:39198)
Location
Province
Ontario
City
Ottawa
Address
511 Bank Street
Postal Code
K2P1Z5
Location Highlights
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Listed by
SUTTON GROUP - OTTAWA 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
2,190
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
$1,599,000
Asking Price
$1,599,000
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)
2,190
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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