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Business For Sale · Hospitality

562 CENTRAL Avenue, Fort Erie

562 CENTRAL Avenue, Fort Erie, ON L2A3V3

Price on request

1,335 SF

Asset Class

Hospitality

Size

1,335 SF

Building class

B

Zoning

CHY — Highway Corridor

$ / SF

—

Occupancy

92%

About this property

Turnkey restaurant opportunity in the heart of Fort Erie’s historic Bridgeburg District! Formerly operated as a successful pizzeria for over 30 years, this fully equipped dine-in or takeout restaurant is ready for your next culinary vision. Ideal for pizza, pasta, café, ethnic cuisine, or countless other concepts, this versatile space includes all chattels and offers outstanding potential for an owner/operator looking to step into the hospitality industry with ease. The commercial space features a fully equipped kitchen, two restaurant washrooms, liquor license potential, and a welcoming atmosphere designed for both locals and visitors alike. Adding even more value is the rear apartment with its own bathroom, perfect for staff accommodations or a convenient live-work lifestyle. Enjoy the walkout porch and rear outdoor area, ideal for relaxing after service. Located steps to shops, amenities, and downtown conveniences with close proximity to the U.S. border, QEW, and scenic Niagara Parkway. A rare opportunity to establish your business in one of Fort Erie’s most charming and historic communities. Rent includes TMI. Utilities extra. (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.

Rent roll (estimated)

TenantAreaExpiry
Cascade Foods Inc.633 SF2029-02
Cascade Foods Inc.400 SF2029-02
Cascade Foods Inc.400 SF2029-02
Cascade Foods Inc.400 SF2029-02

Area demographics

Trade area within 3 miles of the property.

Population

59,852

Households

23,808

Median income

$67,000

Median age

38.1

Daytime population

83,222

5-yr growth

8%

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

Secure deal room

Confidential diligence documents for 562 CENTRAL Avenue, Fort Erie.

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.