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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$3,250,000
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
This property offers County Road exposure and features a total of +/- 14,018 sf of building area on +/- 2.28 acres, which includes a +/- 9,800 SF commercial/industrial warehouse with three drive-in doors and varying clear heights (12' 10" -19' 4"), a +/- 2,318 sf car wash with three bays and office, and a 1,900 SF shop with two Drive-in doors. Shop could be used for various automotive or retail uses. Tint shop, detailing, etc. The site includes excess land and a gravelled outdoor storage area. Zoned C2 (Highway Commercial) at the front with a variety of permitted uses & M1 (Industrial) at the rear, allowing for outside storage with select uses. Tax amount is estimated from interim 2025 tax bill (TBV). VTB available. *Legal Description Continued: WELLINGTON NORTH. **EXTRAS** Please Review Available Marketing Materials Before Booking A Showing. Please Do Not Walk The Property Without An Appointment. (id:39198)
Location
Province
Ontario
City
Wellington North
Address
#(front) -493 Eliza St
Postal Code
N0G1A0
Location Highlights
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Listed by
D. W. GOULD REALTY ADVISORS 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
14,018
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
$3,250,000
Asking Price
$3,250,000
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)
14,018
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
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