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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$499,700
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
Two separate lots being sold together on one of Sudbury's busiest roads with a C2 zoning. These parcels offer frontage of 133 feet with a depth 164 feet (extending well beyond the current structures), and offers over ½ acre of land. One property has a fully renovated 3 bedroom rental property RENTED @ $2,400.00/month all inclusive. The second parcel (865 Kingsway) property's highest and best use may be for redevelopment. The space is rented @ $1,700.00/month + utilities for a food truck service. There is a large sign with power available to use for more exposure. (id:39198)
Location
Province
Ontario
City
Sudbury
Address
853-865 Kingsway
Postal Code
P3B2E4
Location Highlights
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Listed by
EXP REALTY, BROKERAGE (MAIN) 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
0
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
$499,700
Asking Price
$499,700
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)
0
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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