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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$279,900
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
N/A
Building Size
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Premise Summary
Welcome to 300 1st Ave E, Nipawin – a remarkable property strategically situated in the heart of town, with direct access to the highway. Boasting an impressive 13,000 sqft of building area, this establishment presents an array of possibilities for discerning investors. The main floor encompasses a well-appointed retail display area, two offices, and two reception desks, complemented by a fully-equipped front work shop catering to passenger cars, as well as a back shop capable of accommodating semi-truck-sized vehicles. The extensive parking lot offers diverse business prospects, ranging from U-Haul services to a potential used car dealership. Ample storage space is thoughtfully provided through the sizeable basement and mezzanine, while the carport and newly constructed attached heated garage afford the owner personal parking, workspace, and storage options. The sale price includes essential equipment such as hoists, tire machines, and air compressor, setting the stage for a seamless transition for automotive entrepreneurs. Forklift, tractor, vehicles and tire inventory are not included but open to offer. The second floor reveals a grand living quarter with separate entry, encompassing five bedrooms, two kitchens, two bathrooms, two living rooms, a family room, and a dedicated laundry area. This spacious and comfortable living space ensures an exceptional work-life balance for the property's owner. Additionally, the surplus rooms offer the potential for supplementary rental income. Recent upgrades: new washer and dryer in 2019, LED lighting in the back shop in 2021, two new furnaces in 2022. Don't miss this exceptional opportunity – schedule a showing with your preferred realtor today to explore the full potential of this extraordinary property. (id:39198)
Location
Province
Saskatchewan
City
Nipawin
Address
300 1st Avenue E
Postal Code
S0E1E0
Location Highlights
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Listed by
L&T Realty Ltd. Saskatchewan listing
Category
Property Information
Premise Status
Includes REAL ESTATE
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
13,077
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
$279,900
Asking Price
$279,900
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)
13,077
Other Information
Owner willing to Finance
No
Absentee Owner
No
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
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