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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$6,500,000
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
Mixed use commercial building with great curb appeal at the corner of James Street North and Rebecca Street. Potential for renovation or redevelopment. D2 zoning (Downtown Prime Retail) allows many uses. Property contains multiple addresses including 54, 56, 58, 60 James Street North and 8 Rebecca Street. Existing configuration features a total of 4 ground floor commercial units, 2 second level commercial/office units, and 14 residential rooms. Prime location in the downtown core within walking distance of many existing restaurants, retail store, residential high rises, student housing, and downtown amenities and attractions. (id:39198)
Location
Province
Ontario
City
Hamilton
Address
60 James Street N
Postal Code
L0R2K1
Location Highlights
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Listed by
RE/MAX ESCARPMENT REALTY INC. 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
16,500
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
$6,500,000
Asking Price
$6,500,000
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)
16,500
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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