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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,565,000
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
SOPH Summerland, is an emergent and forward-thinking 2-lot land assembly. Developers note the array of demographics to build for, with a prime location that places you within walking distance of Summerland's main shopping centers, the Middle School, High School, and Elementary Schools. Commuting is a breeze with quick access to the highway leading to Kelowna or Penticton. Fast track your builds as it is already zoned for Residential High Density with supportive dialogue exercised with the City. The existing homes have been tastefully updated, making it a very comfortable income option for renting while you establish your development plans. SOPH Summerland is a conceptual idea consisting of 13009 and 13015 Armstrong Avenue, offered at $1,567,000, perhaps 5 homes with studio suites to be built here would satisfy the demand and needs of one of Okanagan’s most celebrated and growing communities, From Blueprint to Brilliant let's talk. (id:39198)
Location
Province
British Columbia
City
Summerland
Address
13009 Armstrong Avenue
Postal Code
V0H1Z0
Location Highlights
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Listed by
The Agency 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
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
$1,565,000
Asking Price
$1,565,000
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.
N/A
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
N/A
Absentee Owner
N/A
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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