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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$910,000
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
N/A
Premise Summary
Welcome to an exceptional commercial opportunity! Situated on a sprawling 1.36-acre lot, this remarkable commercial shop offers a vast space for your business endeavors. Boasting dimensions of 50 ft x 104 ft, this shop provides abundant room to bring your vision to life. The shop features one finished bathroom and the added convenience of a hook-up for a second bathroom. The presence of a fire guard truss in the ceiling allows for easy division, transforming this shop into two separate work areas or units, each with its own service panel. This unique feature presents the opportunity for additional income generation. Stay comfortable in your work environment with the efficient radiant tube heaters providing a reliable heat source throughout the shop. No need to worry about power requirements as the shop is equipped with two 100-amp electrical panels. The u-drain floors offer practicality and easy maintenance, facilitating efficient drainage throughout the shop. Access to the shop is effortless with two 16 ft x 16 ft overhead doors positioned on each end. Both the interior and exterior of the shop are illuminated by energy-efficient LED lighting, ensuring well-lit workspaces throughout the day and night. Positioned in a prime location , this commercial shop offers unlimited potential for various businesses. Take advantage of this fantastic opportunity to establish your thriving enterprise in a sought-after location. Inquire now to make this impressive property yours and unlock the possibilities it holds for your business aspirations. Estimated completion is beginning of September and progress photos with be uploaded. (id:39198)
Location
Province
Alberta
City
Wainwright
Address
2201 23 Avenue
Postal Code
T9W0B3
Location Highlights
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Listed by
RE/MAX BAUGHAN REALTY LTD. Alberta listing
Category
Property Information
Premise Status
N/A
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
5,200
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
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
$910,000
Asking Price
$910,000
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.
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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)
N/A
EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
N/A
Premises Size (square feet)
5,200
Other Information
Owner willing to Finance
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Absentee Owner
N/A
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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