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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$3,499,900
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
Positioned on one of Halifaxs busiest and most iconic intersections, 5690 Spring Garden Road presents an exceptional opportunity in the heart of the citys commercial and cultural core. This high-visibility corner lot is located at the crossroads of Spring Garden Road and South Park Streetjust steps from Public Gardens, Dalhousie University, and the Halifax Central Library. Designated under DH zoning (Downtown Halifax), the site permits as-of-right development up to 48 metres in height, making it ideally suited for a significant mixed-use or residential project. With unparalleled visibility, consistent pedestrian and vehicle traffic, and access to key transit routes, this location is perfectly positioned for redevelopment or for establishing a flagship commercial presence. 5690 Spring Garden Road is one of the last remaining corner parcels of its kind in the downtown core, offering a rare chance to shape the future skyline of Halifax. (id:39198)
Location
Province
Nova Scotia
City
Halifax
Address
Spring Garden
Postal Code
B3H3R2
Location Highlights
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Listed by
RE/MAX Nova Nova Scotia 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
0
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
$3,499,900
Asking Price
$3,499,900
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)
0
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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