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Institutional Property For Sale at 4063 Express Point Crescent in Scotch Creek, British Columbia

4 Sale ID #122249
Updated 28 Apr 2024

Asking Price

$795,000

Cap Rate help 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

Lot Size

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Building Size

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Premise Summary

1.799 acre property formerly a public works yard. Property is level and fenced and has a main shop with two garage doors for heavy equipment and an office area. There are also two quonset buildings for storage. The property is currently zoned Institutional which permits use as a public works yard. This property is surrounded by strata developments and adjacent to Shuswap Lake Provincial Park and Shuswap Lake. Bring your ideas and rezone this property for your own use. This property is in the Columbia Shuswap Regional District and shows as Neighbourhood Residential on the Official Community Plan. All information and measurements in this listing are thought to be accurate but need to be verified by the buyer or the buyer's agent if deemed important. (id:39198)

  • MLS® : #10268678
  • Date Listed : 09 Feb 2023

Location

Province

British Columbia

City

Scotch Creek

Address

4063 Express Point Crescent

Postal Code

V0E1M5

Location Highlights

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Listed by

Century 21 Excellence Realty British Columbia listing

Category

institutional-properties

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

0

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 help Furniture, Fixtures & Equipment that remain with the business.

Not Included

Inventory Value - approximate help Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.

Not Included

Franchise

N/A

Financial Information

Yearly Rate

$795,000

Asking Price

$795,000

Cap Rate help 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 help Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.

N/A

Gross Revenue- annual

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Cash Flow - annual help 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 help Earnings Before Interest, Taxes, Depreciation, Amortization.

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Premises Size (square feet)

0

Other Information

Owner willing to Finance

N/A

Absentee Owner

N/A

Support and Training

Not Included

Growth and Expansion

N/A

Market Competition

N/A


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