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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,250,000
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
Incredible Investment/Commercial Opportunity:10 Acres with Prime Development Land on Highway 21 north of Goderich! Looking to expand or launch your next business venture? This expansive 10-acre lot, located on the highly trafficked Highway 21, offers a rare commercial opportunity with amazing potential. Zoned AG4-6, this property provides incredible flexibility, accommodating a wide range of uses such as retail, self-storage business, office space, a hobby farm with a large pasture, or even a four-plex dwelling. A site plan for a self-storage business was approved (and is provided in the attachments) for the existing owners, and new by-law amendments allow for both commercial and residential development in an area that is easily accessible from the Lake Huron cottage country, PointFarms Provincial Park and popular destinations like Goderich, Kincardine and Port Elgin.Utilize the existing structures on the site including a large 1000+ sq ft retail area, a spacious home/office area with additional potential in the 1200+ sq ft basement, a separate 780 sq ft apartment, and a detached 840 sq ft garage/shop with a metal roof, all of which can be renovated to suit your personal or business needs. There is an abundance of parking capacity and room for further development with this unique and valuable property. Utilize this foundation to create your dream business or expand your current operation along the beautifulLake Huron shoreline where gorgeous sunsets are just one of many benefits. Whether you're looking to start a new business, make an investment, or build the property you've always envisioned, this is the perfect location to bring your ideas to life and a unique opportunity to own a prime piece of commercial real estate. (NOTE: Property is "as is, where is".) (id:39198)
Location
Province
Ontario
City
Ashfield colborne wawanosh
Address
Bluewater
Postal Code
N7A3X9
Location Highlights
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Listed by
PRIME REAL ESTATE 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
4,000
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
$1,250,000
Asking Price
$1,250,000
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)
4,000
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
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Market Competition
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