Business For Sale · Retail

288 RIDGE ROAD N, Fort Erie (Ridgeway)

288 RIDGE ROAD N, Fort Erie (Ridgeway), ON L0S1N0

Price on request

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Asset Class

Retail

Size

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Building class

A

Zoning

CB1 — Low Intensity Business

$ / SF

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Occupancy

92%

About this property

An opportunity to establish your business in a sleek, stylish, and upscale professional setting in the heart of downtown Ridgeway. Private rooms are available for lease within an upcoming medical aesthetics spa, currently undergoing renovations with an anticipated opening in early 2027.Designed to offer a modern and welcoming environment, the spa will provide a range of state of the art aesthetic services, to include but not limited to skin treatments, Botox, and IPL treatments. This is an opportunity for professionals in complementary industries, particularly those specializing in beauty, aesthetics, health, and wellness, to establish their business within a shared setting alongside other service providers. Position your business in a professionally designed space where complementary services can create opportunities for collaboration and client referrals. Be part of Ridgeway's growing business community and establish your presence in this exciting new space. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy92%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$79K

Annual cash flow

$-4K

Cash-on-cash

-0.97%

DSCR

0.95

Going-in cap

5.25%

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

67,618

Households

24,280

Median income

$134,000

Median age

39.4

Daytime population

94,617

5-yr growth

6.2%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 288 RIDGE ROAD N, Fort Erie (Ridgeway).

NDA required
  • 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.