$2,490,000

311 Bath Road

Kingston ON, K7M 2X6

Description

Investment Opportunity. 8 bay Self-Service Car Wash. Prime high-traffic location. Proximity to the downtown. Well-established business. 60% cash/40% card. Approximate Annual Revenue: $250,000 (includes outdoor advertising $7,800 pa and roof-top solar $9400 pa) Approximate Annual Expenses: $65,000 (Property taxes: $16,000, Utilities: $22,000, Supplies: $2,000, Insurance: $1,700, Repairs and Maintenance: $3,000, Salary: $20,000) Approx. Net Operating Income: $185,000 (7.43% cap rate) A CONDITIONAL OFFER HAS BEEN ACCEPTED AND IS IN DUE DILIGENCE.

Details

MLS#40162641
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
StatusActive
Days On Site46

Features

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Area Information
ProvinceON
CountyFrontenac
CityKingston
Postal CodeK7M 2X6
AreaKingston
Listing VS Median (in K7M 2X6)
Price:
$2,490,000
low | high
Med:
$14
100% of Average
On Site:
46
low | high
Med:
136
33.823529411765% of Average
Sourced by Back At You
Listing Updated: October 24, 2021 8:00:41 PM PDT
JAMES WARD LogoMLS Number: 40162641
Listing Provided By:
JAMES WARD  of  ROGERS TRAINOR COMMERCIAL REALTY INC. BROKERAGE
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