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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$735,000
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
Multi Use Commercial building on the corner of Pitt and Cornwall Centre road. The gas station is being run by the owner. The auto mechanic garage is rented @ 3,000 including HST and electric and Auto Sales is rented @ 1,356 including HST and electric. Both tenants pay their own gas. No leases in place. You can get vacant possession of the whole building. The gas station carries Regular, Super and Diesel at the pumps. The Front Bay doors on the garage are approximately 11 ft high by 10 ft and rear door approximate 9 x 9 ft. The purchase price includes the abutting lot on Centre road with the frontage of 104 feet and depth of 106 ft. (pin # 602020138). There are 4 steel in ground fuel tanks. Tanks are between 1986 & 1988. Regular 22,700L, Super 15,000L and Diesel 10,000L Electric bill ranges from $250.00 to $300.00 per month. This property will be sold AS IS. (id:39198)
Location
Province
Ontario
City
Cornwall
Address
Pitt
Postal Code
K6H1B1
Location Highlights
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Listed by
ROYAL LEPAGE PERFORMANCE REALTY 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
3,000
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
$735,000
Asking Price
$735,000
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)
3,000
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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