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Suite of tools & services
Benefits
Asking Price
$1,599,000
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
Don't miss this extraordinary opportunity to own a unique commercial & residential property in a prime location! This listing offers the best of both worlds with a spacious commercial space on the lower level & a legal 1 bdrm apartment above. The lower unit boasts an expansive 1,150 sq.ft., including an open warehouse area that is currently utilized by 604 Screens. This commercial space features bay door access for convenient deliveries & a separate customer entry. Upstairs, you'll find a legal 1 bdrm apartment unit that provides all the comforts of modern living. The bdrm includes a 5 pc ensuite bath & a generous walk-in closet. The large, well-lit living room offers plenty of open space, perfect for creating your own home office area. Additionally, you'll appreciate the well-appointed kitchen & dining room, making it easy to enjoy meals with friends & family. This is truly the perfect blend of work & leisure in one exceptional property! (id:39198)
Location
Province
British Columbia
City
Maple Ridge
Address
105/205 20220 113b Avenue
Postal Code
V2X0Y9
Location Highlights
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Listed by
RE/MAX LIFESTYLES REALTY British Columbia 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
2,295
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
$1,599,000
Asking Price
$1,599,000
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)
2,295
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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