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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,100,000
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
N/A
Premise Summary
Downtown Hamilton, multi-use reno'd bldg. Opportunity for investment, business, & residential ventures, boasting exceptional car & foot traffic. Flexible layout design caters to diverse business needs. On lower lvl, spacious recep area invites clients into professional & comfortable atmosphere. Throughout main flr, are 8 lrg office spaces, perfect for providing ample room to thrive & expand, & generously-sized boardrm. On the upper-levels of this bldg are 5 addt'l rooms total, full bath & Kitchen (need fridge & stove). Can be adapted to suit various purposes for both business or residential endeavors. Additionally, kitchen & baths are on every lvl. Bsmt presents opportunities for alternative business ventures such as yoga studio, Art classes, or other creative enterprises. 5 separate entrances total as well as wheelchair accessibility, ensuring convenient & inclusive access. Ample On-site parking available. (id:39198)
Location
Province
Ontario
City
Hamilton
Address
660 Main St E
Postal Code
L8M1J8
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
4,832
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
$1,100,000
Asking Price
$1,100,000
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.
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)
4,832
Other Information
Owner willing to Finance
N/A
Absentee Owner
N/A
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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Why this Marketplace was Created
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