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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$2,000,000
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
Prime standalone commercial opportunity offering 3,955 SF in a high-visibility location along Kingston Road, currently occupied by a long-established motorcycle sales and service business operating since 1974. Featuring approximately 3,712 SF on the main level, this property boasts one of the largest floorplates along this stretch, ideal for retail users requiring expansive showroom, service, or open-concept space, including automotive, recreational, or specialty retail. The interior is presently divided into multiple functional areas and can be easily reconfigured to suit a wide range of uses. Highlights include high ceilings, wide street frontage, excellent signage exposure, on-site front parking, and rear laneway access. Zoned CR (Commercial Residential), the site offers flexibility for various commercial uses and future mid-rise redevelopment potential within a rapidly evolving corridor experiencing significant reinvestment and intensification. Vacant possession available on closing, making this an exceptional opportunity for owner-users, investors, or developers seeking a rare large-format asset with strong immediate utility and long-term upside. There is an auto repair permit owned by the Cycle shop that can be purchased at an additional fee if needed. (id:39198)
Location
Province
Ontario
City
Toronto
Address
Kingston
Postal Code
M1N1T9
Location Highlights
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Listed by
RE/MAX CROSSROADS 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
3,955
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
$2,000,000
Asking Price
$2,000,000
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)
3,955
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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