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Suite of tools & services
Benefits
Asking Price
$199,900
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 exceptional commercial building for lease in Allan, conveniently situated just 65 km southeast of Saskatoon. This versatile property holds a zoning permit that allows for a range of commercial activities including retail, office, warehouse, and manufacturing. Recently undergoing a comprehensive renovation, this impressive 3,173 sq ft building showcases modern upgrades and enhancements. The renovations include a new 2" spray foam rooftop, exterior metal siding for enhanced durability, energy-efficient LED lighting, updated electrical panel and wiring, and the installation of three new overhead unit heaters to ensure optimal comfort. Designed with flexibility in mind, the building is divided into two distinct units. The first unit spans 1,210 sq ft, while the second unit boasts a generous 1,963 sq ft. Each unit features its own barrier-free bathroom and front and back entrances/exits, providing convenience and accessibility for both staff and customers.The larger unit offers the additional advantage of a spacious office area and a 12x14 overhead door, catering to businesses with specific operational requirements. The lease terms include a gross net rent structure, with the tenant responsible for all utilities. This provides a simplified and transparent approach to leasing. Whether you are looking to establish a retail store, office space, warehouse facility, or manufacturing hub, this outstanding commercial building offers the ideal platform to bring your business aspirations to life. (id:39198)
Location
Province
Saskatchewan
City
Allan
Address
128 1st Avenue
Postal Code
S0K0C0
Location Highlights
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Listed by
RE/MAX Saskatoon Saskatchewan 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
3,173
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
$199,900
Asking Price
$199,900
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)
3,173
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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