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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$3,300,000
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
This Property Is Located In A Prime Location On A Busy Corner Of Lakeview Community In Mississauga. The Whole Area Is Undergoing Intensification & Redevelopment. This Is A Great Investment Opportunity For End Users, Investors, Builders & Developers. The Property Consist Of 3 Lots, 2 Addresses: 857 & 859 Lakeshore Road East & 2 PINS. Currently Operating As Automotive/Mechanic Garage, Car Dealership Sales & Service. Large Corner Lot With Great Exposure, 4 Car Garage Bays, Reception Area, Offices & Large Surface Parking. The Property Is Also Site Plan Approved For A Development Proposal Of 4 Storey Mixed-Use Condominium Building With 12-3 Bedroom Units, Ground Floor Commercial/Retail & 16 Parking Spaces. Total GFA 26,541 SF. **** EXTRAS **** Currently A 4 Bay Automotive Garage With Car Sales. Site Plan Approved For Re-Development Of 4 Storey Mixed-Use Condo Building. (id:39198)
Location
Province
Ontario
City
Mississauga
Address
857-859 Lakeshore Rd E
Postal Code
L5E1E2
Location Highlights
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Listed by
ROYAL LEPAGE YOUR COMMUNITY 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
11,875
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
N/A
Financial Information
Yearly Rate
$3,300,000
Asking Price
$3,300,000
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.
N/A
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)
11,875
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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