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Retail Property For Sale at 5535 SLATER AVENUE in Niagara Falls , Ontario

updated New
4 Sale ID #306759
Updated 09 Dec 2024

Asking Price

$1,200,000

Cap Rate help 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

Lot Size

N/A

Building Size

N/A

Premise Summary

This property offers a unique opportunity in the heart of the Niagara Falls tourist district, featuring a building of approximately 1,300 sq. ft. with a three-piece bathroom. It includes a 200-amp electric panel, a 1.5 million BTU gas meter, and a gas shop heater (currently not connected). The flat roof is 10 years old, ensuring durability. Zoned for tourist commercial use, this property also features an office and convenient parking, making it ideal for businesses catering to the thriving tourism industry in the area. (id:39198)

  • MLS® : #X9413904
  • Date Listed : 20 Sep 2024

Location

Province

Ontario

City

Niagara Falls

Address

5535 Slater Avenue

Postal Code

L2G3S7

Location Highlights

N/A

Listed by

MOVERIGHT REAL ESTATE, BROKERAGE Ontario listing

Category

retail-properties

Property Information

Premise Status

Includes REAL ESTATE

With Accommodation

N/A

Tenancy

N/A

Lot Size

N/A

Available Space

N/A

Building Size

1,300

Year Built

N/A

Years Remaining in Current Lease Term

N/A

Renewal Options

N/A

Operational Information

Number of Working Owners

N/A

Current Owner - years

N/A

FF & E help Furniture, Fixtures & Equipment that remain with the business.

Not Included

Inventory Value - approximate help Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.

Not Included

Franchise

N/A

Financial Information

Yearly Rate

$1,200,000

Asking Price

$1,200,000

Cap Rate help 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 help Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.

N/A

Gross Revenue- annual

N/A

Cash Flow - annual help 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)

N/A

EBITDA help Earnings Before Interest, Taxes, Depreciation, Amortization.

N/A

Premises Size (square feet)

1,300

Other Information

Owner willing to Finance

No

Absentee Owner

No

Support and Training

Not Included

Growth and Expansion

N/A

Market Competition

N/A


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