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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$2,899,000
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
Unlock the potential of owning and operating your business in the thriving heart of Windsor. Positioned strategically in the rapidly growing area of Windsor, minutes away from key border crossings, facilitating seamless connectivity to the US.prime investment for those seeking a diversified portfolio. This mixed-use building offers a perfect blend of commercial and residential units. Featuring six residential units, each approximately 800 sqf, and three retail spaces encompassing a convenience store, restaurant, and mechanic shop, this property caters to a wide range of businesses.With approximately 12 parking lots. The location boasts proximity to major highways and main streets, including Wyandotte, Howard Rd, and McDougal, making it easily accessible.The two-level building offers the unique opportunity to add another level, pending confirmation with the city. Such flexibility enhances the potential returns for savvy investors. **** EXTRAS **** COIN WASHER/DRYER, 6 FRIDGES, 6 STOVES, 6 FANS (id:39198)
Location
Province
Ontario
City
Windsor
Address
679 Wyandotte St E
Postal Code
N9A3J3
Location Highlights
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Listed by
ALAA YOUNAN REALTY BROKERAGE 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
11,690
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
$2,899,000
Asking Price
$2,899,000
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)
11,690
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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