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Land For Sale at 24115 FERN CRESCENT in Maple Ridge, British Columbia

New
4 Sale ID #227753
Updated 03 May 2024

Asking Price

$6,500,000

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

DEVELOPMENT OPPORTUNITY - 2.5 ACRES. This land is an integral piece of Horse Hamlet and the Silver Valley Area Plan. Available for the first time in more than 50 years. With over 600ft of road frontage this site can be developed with the adjacent properties, already in the application process. City services are ready to be brought over from next door at Fern Grove and the existing road to be pushed through. Land requires development application and rezoning. Buyer to make their own inquiries. Minutes from Golden Ears Provincial Park and all of the amenities the city has to offer. Please do not enter or walk on the property. Showings by appointment only. (id:39198)

  • MLS® : #R2872512
  • Date Listed : 18 Apr 2024

Location

Province

British Columbia

City

Maple Ridge

Address

24115 Fern Crescent

Postal Code

V4R2S1

Location Highlights

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Listed by

Stilhavn Real Estate Services 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

$6,500,000

Asking Price

$6,500,000

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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