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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$699,000
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
Prime development potential. R5 zoning in place with the potential for the development of up to 20 units of multi-family housing. Don't miss your chance to invest in the rapidly growing community of Salmon Arm. Great location for this totally renovated home on level 0.47 lot. Convenient location within walking distance to Picadilly Mall and other amenities and easy access to highway. Two-storey home with 1,320 finished square feet, 3 bedrooms, 1 bathroom, full unfinished basement. Really nice updated kitchen with stainless steel appliances. Upstairs features an open office/den area and two spacious bedrooms. Nice level 0.47 lot with subdivision potential – sketch plan in place for 2 lot subdivision. (id:39198)
Location
Province
British Columbia
City
Salmon Arm
Address
10
Postal Code
V1E1T2
Location Highlights
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Listed by
Homelife Salmon Arm Realty.Com British Columbia 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
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
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
$699,000
Asking Price
$699,000
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)
0
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
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Market Competition
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