Convenience Store with two Apartments, Vape store and Open parking space(8 no's). One Package in All. Money making mix commercial & Residential property. Should not be missed Amazing Cap rate at nearly 13%-14% NET NET return. Well Established over 20 years Store Sales at $ 12000 a week(Grocery) Plus Lotto commissions $ 53000 a year and Vape store sales touching 800-900 a day with 40% returns.(Vape store alone nets $ 8000 a month) Additional rental Income from two brand new apartments One is rented for $ 21000 a year and for Apartment 2 is $ 24000 for Apartment NET NET $ $ 175000 after $ 85000 Payroll per year with Absentee Owner. Get this goldmine before its gone. (id:60365)
BusinessType | Retail and Wholesale |
BusinessSubType | Retail misc. |
Name | Leo's Grocery |
MLS® Number | X12304046 |
Property Type | Retail |
Community Name | 213 - Ascot |
CoolingType | Fully Air Conditioned |
HeatingFuel | Natural Gas |
HeatingType | Other |
SizeInterior | 1200 Sqft |
UtilityWater | Municipal Water |
Acreage | No |
SizeDepth | 75 Ft |
SizeFrontage | 69 Ft ,5 In |
SizeIrregular | 69.42 X 75 Ft |
SizeTotalText | 69.42 X 75 Ft |
ZoningDescription | Commercial |
https://www.realtor.ca/real-estate/28646638/7663-woodbine-street-e-niagara-falls-ascot-213-ascot
Anil Shahani
Salesperson