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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$875,000
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
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Building Size
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Premise Summary
An extraordinary opportunity awaits with this remarkable offering of 8000 sq. ft. of M-/CG d72 development land nestled at the coveted corner location of Memorial Drive in Sunnyside. This parcel at 612 Memorial Dr NW is to be sold alongside 710 5a Street, consult with the City of Calgary to determine the current development possibilities. Seize this chance to invest in the vibrant community of Sunnyside and explore the photos showcasing just some of the amenities this area has to offer. Step into the allure of inner city living with this captivating character home boasting breathtaking views of the city skyline and the tranquil river. With 2 bedrooms and a blend of hard and softwood floors, this residence exudes timeless elegance. Appreciate the convenience of a garage for your vehicle. Experience the epitome of classic, stylish living in the heart of the city. Embrace the allure of this exceptional property and make it your own. (id:39198)
Location
Province
Alberta
City
Calgary
Address
612 Memorial Drive Nw
Postal Code
T2N3C2
Location Highlights
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Listed by
RE/MAX Real Estate (Central) Alberta listing
Category
Property Information
Premise Status
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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
980
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
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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
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Financial Information
Yearly Rate
$875,000
Asking Price
$875,000
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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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)
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EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
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Premises Size (square feet)
980
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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