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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$980,000
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
Ready for a mini storage. Incredibly adaptable and suitable for a multitude of purposes, this North Okanagan industrial lot is prepared and equipped to fulfill a plethora of duties and needs. Zoned I1, the entirely flat landscape is appropriate for many uses, from auto repair and heavy equipment to Lumby Mini Storage or a trucking yard. Food services, including bakeries and coffee shops, or livestock and farm equipment options add to the nearly endless list of possible purposes the Mountain view space could house. Further, one dwelling unit could be built on the site for owners if required or desired. There are 34 containers that can be part of the sale, if the next owner is considering a storage facility. Come take a look at this generous lot in Lumby and imagine the business possibilities today. (id:39198)
Location
Province
British Columbia
City
Lumby
Address
1788 Vernon Street
Postal Code
V0E2G0
Location Highlights
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Listed by
RE/MAX Vernon Salt Fowler 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
$980,000
Asking Price
$980,000
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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