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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$799,000
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
Are you in search of a prime property with endless possibilities? Look no further! Nestled in the vibrant community of Fort Erie, Ontario, lies a versatile gem waiting to be discovered. This property offers a rare blend of location, potential, and accessibility. Situated just moments away from the US border and conveniently located minutes from the QEW highway, it presents an unparalleled opportunity for a variety of uses and investments. With its strategic positioning, this property is ideal for commercial ventures, residential development, or mixed-use projects. Whether you envision a bustling retail center, a modern condominium complex, or a multi-purpose commercial hub, the possibilities are limitless. But the excitement doesn't stop there! This property holds the promise of future growth and expansion. Imagine the potential for re-development, where a three-story building could be added to further maximize its value and functionality. With the demand for space on the rise, this expansion opportunity presents a lucrative prospect for savvy investors and developers alike. Don't miss out on this rare chance to secure a piece of Fort Erie's promising landscape. The time to act is now! This property is available for acquisition, ready to be transformed into your vision of success. Contact us today to schedule a viewing and explore the boundless opportunities that await. Don't let this opportunity slip away - seize it today and unlock the potential (id:39198)
Location
Province
Ontario
City
Fort Erie
Address
607 Niagara Boulevard
Postal Code
L2A3H5
Location Highlights
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Listed by
RE/MAX Escarpment Golfi 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
1,200
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
N/A
Financial Information
Yearly Rate
$799,000
Asking Price
$799,000
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)
1,200
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
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