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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$479,900
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
One of a kind! Century commercial building filled with unique character and located on large lot located in the centre of town, walk across the bridge to Belleville's Downtown District, the waterfront walking trails and convenient direct access to HWY 401. Zoned C2, the current layout is Ideal for many uses such as retail, medical offices, salon/aesthetician or even day spa. Currently a single use commercial property however with its multiple hydro panels and ample parking it could easily be split to allow for multiple businesses or potentially reinstate the residential space on the second floor. The basement is dry and offers ample storage. Attached garage at rear of property perfect for deliveries or even an auto detailing shop. (id:39198)
Location
Province
Ontario
City
Belleville
Address
6 North Front St
Postal Code
K8P3A7
Location Highlights
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Listed by
ROYAL LEPAGE PROALLIANCE 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
3,406
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
$479,900
Asking Price
$479,900
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.
N/A
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)
3,406
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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