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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$279,900
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
Last two small units available on main floor, units 115 and neighbouring unit 116 can be joined together to for unit size 886 sq. ft more or less. New Street level retail condo unit (433 sq. ft more or less) in the new 10-storey SAGE KINGSTON RESIDENTIAL CONDOMINIUM BUILDING (325 residential units and 12 commercial units) Many uses permitted:Office, Restaurant/Fast Food, Pharmacy, Dental/Medical Office, Nail/Hair Salon/Spa, Pet Store/Groomers. Floor to ceiling windows with minimum 11" ceilings heights. Great exposure to pedestrian & drive by traffic. Princess St. is a major arterial route with public transit. Close proximity to the Kingston Centre, Queens University's main campus( a 15 minute walk), and Downtown Core. This unfinished unit is being offered for resale through a previous buyer who's plans have changed since buying the unit. Taxes, condo fees and utilites are estimates. Parking is available for purchase at an additional amount. (id:39198)
Location
Province
Ontario
City
Kingston
Address
652 Princess Street Unit#115
Postal Code
K7L1E5
Location Highlights
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Listed by
ROYAL LEPAGE TEAM 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
433
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
$279,900
Asking Price
$279,900
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)
433
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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