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Commercial Real Estate
For Sale
Land
Ontario
Sault Ste. Marie
LandFor Sale At 475 Airport RD # Parcel 4 In Sault Ste. Marie, Ontario
Commercial Real Estate
For Sale
Land
Ontario
Sault Ste. Marie
LandFor Sale At 475 Airport RD # Parcel 4 In Sault Ste. Marie, Ontario
4 Sale ID #254467
Updated 04 Jul 2024
- PHOTOS
- FLOORPLANS
- MAP
Asking Price
$2,900,000
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
N/A
Building Size
N/A
Premise Summary
Excellent development opportunity. Property is a total of 580 acres comprising of five parcels of land including Runway Park which has significant site improvements. Other parcels include land on each side of Roberta Bondar Parkway. All parcels conveniently situated adjacent to busy regional airport. Zoning permits airport related uses, compatible light industrial uses. Ancillary and secondary uses such as car rental, accommodation, restaurants and convenience retails will be permitted. Other commercial uses will be considered. Great opportunity with great visibility and exposure. (id:39198)
- MLS®:#SM241618
- Date Listed:27 Jun 2024
Location
Province
Ontario
City
Sault Ste. Marie
Address
475 Airport Rd # Parcel 4
Postal Code
P6A5K6
Location Highlights
N/A
Listed by
Century 21 Choice Realty Inc. Ontario listing
Category
land
Property Information
Premise Status
N/A
With Accommodation
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Tenancy
N/A
Lot Size
N/A
Available Space
N/A
Building Size
Year Built
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Years Remaining in Current Lease Term
N/A
Renewal Options
N/A
Operational Information
Number of Working Owners
N/A
Current Owner - years
N/A
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
$2,900,000
Asking Price
$2,900,000
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.
N/A
Gross Revenue- annual
N/A
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)
N/A
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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