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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$475,000
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
Welcome to Crowsnest Pass. Calling all developers with a passion for converting old buildings into modern living spaces! Standing tall on 1.28 acres of land in West Coleman is the old Cameron School. This 6,900 sq. ft. (above grade) & 4,500 sq. ft. below grade brick building offers multiple large windows and soaring ceilings. The undeveloped attic space (not included in the above grade sq. footage) extends the ceiling height even further increasing development potential. The building has a full concrete basement with large windows that contribute to developable space. The large lot offers considerable space to build complementary structures. The seller has completed significant due diligence to develop the property into an apartment building and some information regarding development is available. Let your imagination guide you to the possibilities this building has to offer. The property will be sold "AS IS" "WHERE IS" with no warranties or representations being provided by the seller. New shingles were installed on the pitched roof in September 2023. (id:39198)
Location
Province
Alberta
City
Coleman
Address
6921 17 Avenue
Postal Code
T0K0M0
Location Highlights
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Listed by
RE/MAX REAL ESTATE - LETHBRIDGE 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
6,900
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
$475,000
Asking Price
$475,000
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)
6,900
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
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Market Competition
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