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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$89,900
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
Located in the heart of Alberton, this versatile 30x83 commercial zoned building is a prime opportunity for your business aspirations. This historic building, known as the Institute Hall, carries a rich legacy. Over the years, it has served as the first village/town hall, first movie theatre, Women?s Institute, Lion?s Club, warehouse space, antique store, etc. The main floor boasts a spacious open area and hardwood floors. Additionally, there is a small loft accessible via stairs. The basement offers a solid poured cement foundation and floors, with high ceilings and a loading entry door provides practical access. With a fascinating history and a superb location, this commercial property is a fantastic opportunity for your new business venture. Don't miss out on this prime Alberton location! No PDS, property being sold as is where is. All measurements are approximate and should be verified by purchaser. (id:39198)
Location
Province
Prince Edward Island
City
Alberton
Address
524 Church St
Postal Code
C0B1B0
Location Highlights
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Listed by
NORTHERN LIGHTS REALTY LTD. Prince Edward Island 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
2,550
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
$89,900
Asking Price
$89,900
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)
2,550
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
N/A
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