1/83024 Falconbridge Road Unit# 2, Garson
3024 Falconbridge Road Unit# 2, Garson, ON P3L1J6
$3,500 per sq ft / yr
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Asset Class
Specialty
Size
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Building class
C
Zoning
DC2 — Site Specific
$ / SF
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Occupancy
89%
About this property
Lease the restaurant space in the old Falcon Hotel. The restaurant has a full kitchen with hood, fryers, fridge, dishwasher and more. The dinning room area is 1000 square feet and can easily sit 30 guests. Parking is shared with the hotel, and renovations will be the tenants responsibility. The upstairs hotel has 11 rooms, and the building is being extensively renovated. Perfect for any restaurant owner who is looking to own a small pub, small steakhouse or other type of restaurant. Garson has a limited amount of restaurants. High traffic area right off Falconbridge rd, and next to the Garson Mall. Price is $3,500 all-inclusive + $100 for the sign + $100 for garbage bin. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$16
Projected NOI
$175
Annual cash flow
$-19
Cash-on-cash
-1.83%
DSCR
0.90
Going-in cap
4.99%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Area demographics
Trade area within 3 miles of the property.
Population
100,152
Households
46,580
Median income
$122,000
Median age
36.8
Daytime population
126,487
5-yr growth
5%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 3024 Falconbridge Road Unit# 2, Garson.
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.