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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$7,500,000
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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Lot Size
N/A
Building Size
N/A
Premise Summary
Prime Inner City Development Opportunity. Currently awaiting zoning approval to allow the proposed development. The zoning approval is expected within the next 30 days.Proposed 84-unit residential purpose-built rental project with 7,500 square feet of retail space located in the historic community of Inglewood, a neighborhood with the perfect mix of history, culture, and community.Located just minutes from downtown, Inglewood is the perfect spot for those who want easy access to all that Calgary has to offer. Inglewood is also home to a vibrant community, with friendly neighbors and plenty of community events and festivals.One of the things that sets Inglewood apart is its historic charm. As one of Calgary's oldest neighborhoods, Inglewood boasts a unique architecture and streetscape that you won't find anywhere else. Take a stroll down 9th Avenue SE and you'll feel like you've stepped back in time.But Inglewood isn't just about history. It's also home to some of Calgary's most amazing shopping and dining. From boutique shops and galleries to cafes and restaurants, Inglewood has something for everyone. And if you love the outdoors, you'll appreciate Inglewood's proximity to the Bow River and the Calgary Zoo.Inglewood is one of Calgary's best neighborhoods. This development and the planned Brewery Lands development, which will add another 2,000 residents to the area, will be a welcome addition to the vibrant inner city lifestyle that Inglewood offers. (id:39198)
Location
Province
Alberta
City
Calgary
Address
1336 1340 9 Avenue Se
Postal Code
T2G0T3
Location Highlights
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Listed by
D.C. & Associates Realty Alberta listing
Category
Property Information
Premise Status
N/A
With Accommodation
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Tenancy
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Lot Size
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Available Space
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Building Size
8,340
Year Built
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Years Remaining in Current Lease Term
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Renewal Options
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Operational Information
Number of Working Owners
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Current Owner - years
N/A
FF & E
Furniture, Fixtures & Equipment that remain with the business.
Not Included
Inventory Value - approximate
Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.
Not Included
Franchise
N/A
Financial Information
Yearly Rate
$7,500,000
Asking Price
$7,500,000
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
N/A
NOI
Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.
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Gross Revenue- annual
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Cash Flow - annual
1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
N/A
EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
N/A
Premises Size (square feet)
8,340
Other Information
Owner willing to Finance
N/A
Absentee Owner
N/A
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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