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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
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Premise Summary
Looking for an investment opportunity in downtown Strathroy, that is walking distance to amenities. This 5 unit building has a mix of retail space and residential apartments. The main floor consists of two commercial spaces (currently rented) with great visual exposure to the street. Apartment C (owner occupied) could be used as a retail space or a residential apartment, located on the ground floor. Two additional residential units (rented) are located on the second floor. Apartment A is a two bedroom unit and Apartment B is a one bedroom unit. All apartments are heated with a gas wall furnace and the commercial units share a gas forced air furnace. Parking in the rear connects to Garden Lane. A small green space at the rear of the property can be used by tenants. Inquire today for more details about this multi-unit complex. (id:39198)
Location
Province
Ontario
City
Strathroy
Address
77-79 Front Street W
Postal Code
N7G1X6
Location Highlights
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Listed by
SUTTON WOLF REALTY BROKERAGE 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
3,000
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
$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)
3,000
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
N/A
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