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Land For Sale at 21-45 CREED STREET in Kitimat, British Columbia

4 Sale ID #153425
Updated 04 May 2024

Asking Price

$1,500,000

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.

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Lot Size

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Building Size

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Premise Summary

If you are looking for building lots which are zoned for multi-family development, then here is the chance to pick up 2 lots and start the process for multi-family units. With Kitimat's population expected to grow in the next few years, new rebuilds are going to be needed in the community. Located in the middle of the uptown and close to walking paths, trails and parks this has an ideal location for new homes in a desirable location. Come have a walk of the property. (id:39198)

  • MLS® : #R2812779
  • Date Listed : 06 Sep 2023

Location

Province

British Columbia

City

Kitimat

Address

21-45 Creed Street

Postal Code

V8C2P3

Location Highlights

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Listed by

RE/MAX Kitimat Realty British Columbia listing

Category

land

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 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

$1,500,000

Asking Price

$1,500,000

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.

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Gross Revenue- annual

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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)

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EBITDA help 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

N/A

Market Competition

N/A


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