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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$649,000
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 opportunity in the heart of Richmond Hill. This 579 sq. ft. retail condominium is located on vibrant Yonge Street, offering exposure and accessibility. Currently operating as an optical store, the space is fully equipped and ideal for optometrists, eyewear retailers, or healthcare businesses. Zoned for general commercial use, it suits a variety of other purposes. Features include rear customer parking, a high Walk Score of 89, and steady foot traffic. Surrounded by residential and commercial developments, this location offers strong growth potential. Perfect for end-users or investors seeking a ready-to-go space. Accessible washroom and an exam room. $697.88 monthly condo fee includes water and building insurance. (id:39198)
Location
Province
Ontario
City
Richmond Hill
Address
Yonge
Postal Code
L4C1V6
Location Highlights
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Listed by
RE/MAX HALLMARK SHAHEEN & COMPANY 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
579
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
$649,000
Asking Price
$649,000
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)
579
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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