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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,290,000
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
A rare opportunity to live and invest on this 1.4 acre Commercial Highway zoned property. Just a quick 3 minute drive south of Picton. This property offers endless possibilities for various successful ventures. Within the nearly 6000 sq ft building you have a completely separate 2000 sq ft apartment with 3 bedrooms, 2 bathrooms and an expansive living/kitchen/dining area for gatherings. The retail area of this rare building features an office area, retail space, storage, attached garage and showroom. In addition to the commercial building the separate 1,440 sq ft, 3 bedroom home completed in 2020 was built with accessibility in mind. With wide hallways, high ceilings and a double attached garage all adorned with in-floor propane heating and ductless air conditioner in the main living space. Both buildings have their own septic system and well. Ready for your business, you do not want to miss this opportunity. Ask us the the extensive list of opportunities this zoning allow! (id:39198)
Location
Province
Ontario
City
Prince Edward
Address
7 Clarke Rd
Postal Code
K0K2T0
Location Highlights
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Listed by
CENTURY 21 ALL SEASONS REALTY LIMITED 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
5,897
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
$1,290,000
Asking Price
$1,290,000
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)
5,897
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
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Why this Marketplace was Created
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