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Institutional Property For Sale at 663 DOUGLAS STREET in Prince George, British Columbia

updated
4 Sale ID #248307
Updated 24 Jul 2024

Asking Price

$699,900

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

N/A

Building Size

N/A

Premise Summary

Elks Community Hall. This building has been very well looked after and professionally cleaned on a regular basis. Situated on 5 city lots (16250 sq/ft) fenced, with lots of parking in the central area of Prince George. Currently rented for dances, meetings, education classes, celebrations of life, meetings, and weddings. Hot water radiant heat, new LED lighting throughout, metal roof. Men's and ladies' bathroom up and single bathroom down. Large open kitchen with new gas stove, oven, and griddle with exhaust fan, commercial fridge, and tons of cupboards and cabinets space. Wheelchair access, several entrances. The basement is very functional and can be used in conjunction or separate from the main floor events. Tons of storage, a large office area, a workshop, a kitchen, and a boiler room. All offers will be subject to Directors/administration approval. * PREC - Personal Real Estate Corporation (id:39198)

  • MLS® : #C8060653
  • Date Listed : 10 Jun 2024

Location

Province

British Columbia

City

Prince George

Address

663 Douglas Street

Postal Code

V2M2M5

Location Highlights

N/A

Listed by

eXp Realty British Columbia listing

Category

institutional-properties

Property Information

Premise Status

Includes REAL ESTATE

With Accommodation

N/A

Tenancy

N/A

Lot Size

N/A

Available Space

N/A

Building Size

5,666

Year Built

N/A

Years Remaining in Current Lease Term

N/A

Renewal Options

N/A

Operational Information

Number of Working Owners

N/A

Current Owner - years

N/A

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

$699,900

Asking Price

$699,900

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

N/A

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)

N/A

EBITDA help Earnings Before Interest, Taxes, Depreciation, Amortization.

N/A

Premises Size (square feet)

5,666

Other Information

Owner willing to Finance

No

Absentee Owner

No

Support and Training

Not Included

Growth and Expansion

N/A

Market Competition

N/A


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