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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$3,499,000
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
Lot Size
N/A
Building Size
N/A
Premise Summary
WELCOME TO THE EMPIRE HOTEL. THE LAST OF THE CLASSIC HOTEL BUILT IN REGINA. BUILT IN 1912 AND STILL OPERATING. BEING OFFER FOR SALE IS THE LAND AND BUILDING ALONG WITH THE OFF-SALE LIQUOR STORE PERMIT. SITE SIZE IS 0.75 ACRES. 45 PARKING STALLS RENTED OUT ON A MONTHLY BASIS TO TENANTS AS WELL AS HOURLY RENTALS. THE HOTEL HAS 37 ROOMS, A BAR, AND COFFEE AREA. 3 VLT MACHINES. OWNER IS RETIRING. THE BAR SEATING CAPACITY IS 239 PEOPLE. THIS IS PROPERTY IS LOCATED ON THE BEST CORNER SITE OF ALBERT ST. AND SASKATCHEWAN DR. PLEASE NOTE THERE IS ALSO RENTAL INCOME FROM A FREE-STANDING BUILDING LOCATED ON 11TH AVE. THE BUILDING HAS 2 RENTAL BAYS IT IS 3200 SQ/FT. GREAT REDEVELOPMENT SITE AS YOU CAN BUILD OUT TO 13 FLOORS. OVERLOOKING TAYLOR FIELD. PLS NOTE WILL ALSO SELL THE SHARES OF THE COMPANY. (id:39198)
Location
Province
Saskatchewan
City
Regina
Address
1718 Mcintyre Street
Postal Code
S4P2P8
Location Highlights
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Listed by
Homelife Crawford Realty Saskatchewan listing
Category
Property Information
Premise Status
Includes REAL ESTATE
With Accommodation
N/A
Tenancy
N/A
Lot Size
N/A
Available Space
N/A
Building Size
12,156
Year Built
N/A
Years Remaining in Current Lease Term
N/A
Renewal Options
N/A
Operational Information
Number of Working Owners
N/A
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
$3,499,000
Asking Price
$3,499,000
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.
N/A
Gross Revenue- annual
N/A
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)
12,156
Other Information
Owner willing to Finance
No
Absentee Owner
No
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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Why this Marketplace was Created
Frustrated by the timely process of searching for businesses and commercial properties on the market, the founders at Businesses 4 Sale created a platform to transform the business/commercial property buying and selling experience. The database compiles the most relevant information from multiple industry sources, making it easy for future business/commercial property owners and sellers to find exactly what they are looking for.
