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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$239,000
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
Ideal downtown Fort Frances commercial location. This office building was constructed in 1985 and features a spacious 2 bedroom 2nd level apartment. Main Floor Office Building consists of 1414 sq ft with 6 spacious offices, large reception area, staff room, 2- 2 pce bathrooms and access to basement area. All brick front facade, full security system and rear lane access/parking. Plenty of storage in the basement and 1 car garage accessed from the rear laneway. All walls are non support so overall configuration of office space can easily be changed. Main Floor commercial space - f/a gas heat and central air. 2nd level apartment has front and rear access, 2 bedrooms, living room, kitchen, dining area, storage room, 4 pce bath and laundry room. Appliances Included. Rear entrance to the apartment has a small deck space. Apartment has separate f/a electric heat and central air system. Separately Metered. (id:39198)
Location
Province
Ontario
City
Fort Frances
Address
Scott
Postal Code
P9A1G9
Location Highlights
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Listed by
CENTURY 21 NORTHERN CHOICE REALTY LTD. 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
2,464
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
$239,000
Asking Price
$239,000
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)
2,464
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
N/A
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