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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$599,900
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
Celebrate the charm and history of this turn of the century building, while embracing the future. Bring your ambitions and creative vision while you tour this impressive opportunity in the heart of downtown Marmora. Ideally situated just off Highway 7, the Hubbell Marett Building at 14 Forsyth Street has stood proudly since the early 1900s and is undoubtedly a beautiful canvas for your next venture. Offering approximately 4500 square feet of space, this brick building boasts almost 14 foot ceilings on the main floor, and 11 foot ceilings on the second floor. Maintained with pride, updates completed since 2017 include: new wiring and updated 200 amp service, new windows, blown-in insulation for improved efficiency, new furnace on the second floor, new air conditioning for first and second floors, new front facade, new front doors, all new lighting with tastefully selected light fixtures throughout. Details include beautiful wood flooring, and gorgeous tin ceilings. The building exterior was repainted in 2023. With floor to ceiling windows facing the street from both floors, the building enjoys beautiful natural light. For over a decade, the building has been home to successful retail operations, and would make for an incredible office space with some thoughtful adjustments. A full list of permitted uses is available. Located in the core of the downtown, steps to waterfront parks and just 1 minute off Highway 7 this location provides ample opportunity to capture tourist traffic through this scenic region dotted with lakes. This is the ideal location for a business with a broad reach, and could attract clientele from Peterborough, Kingston, Belleville and beyond. Visit today and build your legacy in charming Downtown Marmora! **** EXTRAS **** handsomely maintained and appointed. details on upgrades and maintenance available. (id:39198)
Location
Province
Ontario
City
Marmora And Lake
Address
14 Forsyth Street
Postal Code
K0K2M0
Location Highlights
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Listed by
KELLER WILLIAMS ENERGY REAL ESTATE, BROKERAGE Ontario listing
Category
Property Information
Premise Status
Includes REAL ESTATE
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
$599,900
Asking Price
$599,900
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
No
Absentee Owner
No
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
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