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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$229,000
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
1013 2nd Street features +4,800 sq. ft. of C4-zoned land, offering an exciting opportunity to develop a landmark multi-unit residential project with complementary commercial. Centrally located Downtown, the site is situated with 360 degree mountain views, and easy access to the City's brand-new $2-million "Millennium Recreation Park", featuring walking trails along the Columbia River, natural swimming ponds, a 3-acre bike park, beach volleyball and a massive playground. The site is nearby a generous array of area amenities, including grocery, pharmacy, liquor, bank, library, recreation, fitness, hospitality and professional services. Canadian Tire, McDonald's, Starbucks, the Sandman Hotel and Selkirk College are all within a 5 minute drive. Castlegar is currently undergoing unprecedented residential construction, including over 100 apartment units and a 100-bed student housing dorm at Selkirk College. Seller has concept plans for a 7-unit residential project with 2 and 3-bed units. (id:39198)
Location
Province
British Columbia
City
North Castlegar
Address
1013 2nd Street
Postal Code
V1N1Y4
Location Highlights
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Listed by
Royal LePage Kelowna 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
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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
$229,000
Asking Price
$229,000
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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