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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,799,000
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
Discover the potential of this rare 5.10 acre mixed use property in the thriving and scenic community of Grimsby, offering 171 feet of wide frontage and excellent visibility for investors, builders, and business owners. This unique property includes a commercial storefront currently operating as a convenience store along with 2 residential rental units, all fully leased and generating steady income, with the option for buyers to assume the existing tenancies or establish their own business. In addition to the main buildings, the property features a barn and additional structures with renovation potential, creating opportunities for expansion, improvement, or value add enhancements. With agricultural potential and scope for greenhouse operations, farming, and other permitted uses such as single dwellings, institutional uses, home occupations, bed and breakfast, showrooms, offices, and conference centres, the flexibility here is exceptional. Strategically located near the QEW, GO Station, shopping centres, Costco, and GO carpool facilities, the property offers seamless connectivity to the Greater Toronto Area and the Niagara Region, making it an outstanding opportunity for investors, owner occupiers, or those seeking a strong income property in a rapidly growing and highly desirable location. Vendor Take Back available up to $600,000. (id:39198)
Location
Province
Ontario
City
Grimsby
Address
Main
Postal Code
L3M1T1
Location Highlights
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Listed by
RE/MAX REAL ESTATE CENTRE 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
5
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
$1,799,000
Asking Price
$1,799,000
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)
5
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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