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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,690,000
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
Back on the market..... Light industrial (or re-designation) opportunity close to downtown, major arteries and amenities. Currently there is a freestanding building on this 12,500 sq ft end corner lot that has street access from three sides. There are 12 onsite parking stalls plus lots of street parking. There is also a 5000 sq ft secure fenced storage yard. This property is zoned Industrial Redevelopment (I-R) and is within the Manchester Redevelopment Plan area. Adjacent and near-by land uses include retail, office, multi-family and medical. There is a park with a children's play area just across the street. The current use is an automotive service and repair business and there has been considerable development and use reclassification in the area. . The current owner/user may leave the business name and phone number with sale. This is not a business sale nor a share sale although there maybe automotive service equipment included if desired. This is a prime development property and/or automotive use opportunity. The lot and building could be leased to help carry while waiting for approvals. (id:39198)
Location
Province
Alberta
City
Calgary
Address
5544 1a Street Sw
Postal Code
T2H0E7
Location Highlights
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Listed by
RE/MAX Complete Realty Alberta 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
2,984
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
N/A
Financial Information
Yearly Rate
$1,690,000
Asking Price
$1,690,000
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)
2,984
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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Why this Marketplace was Created
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