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Retail Properties
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Prince Edward
Retail PropertyFor Sale At 198 - 202 PICTON MAIN STREET In Prince Edward, Ontario
Commercial Real Estate
For Sale
Retail Properties
Ontario
Prince Edward
Retail PropertyFor Sale At 198 - 202 PICTON MAIN STREET In Prince Edward, Ontario
4 Sale ID #257150
Updated 17 Jul 2024
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Asking Price
$1,199,000
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
Lot Size
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Building Size
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Premise Summary
Own this romantic building in this well located, special historic part of Picton in Prince Edward County. Live in the spacious, enchanting 2 bedroom apartment, sit back and enjoy revenue from two store fronts, parking & basem*nt storage (all currently leased). Live in the gorgeous apartment yourself or lease out. Large balcony at the back overlooking the lush green trees. Parking for a total of 8 cars including the 1 car garage. Live the dream! Steps to many restaurants, shops, the Royal Hotel, Regent Theater. Only 15 minutes to Sandbanks Provincial Park with incredible beaches. Enjoy the energy of this beautiful town. The County has over 40 wineries and is a great place for cycling. Only two hours from Toronto. Laneway owned on side of building runs from Main St to Mary St for extra access. **** EXTRAS **** Brand new furnace in 2023. (id:39198)
- MLS®:#X9012538
- Date Listed:04 Jul 2024
Location
Province
Ontario
City
Prince Edward
Address
198 - 202 Picton Main Street
Postal Code
K0K2T0
Location Highlights
N/A
Listed by
ROYAL LEPAGE SIGNATURE REALTY Ontario listing
Category
retail-properties
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
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
$1,199,000
Asking Price
$1,199,000
Cap RateThe 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
NOINet 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 - annual1 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.
N/A
Premises Size (square feet)
Other Information
Owner willing to Finance
N/A
Absentee Owner
N/A
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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