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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$2,895,000
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
The last of its kind. Unique opportunity for a development property in the Salmon Arm waterfront area. The new, long-awaited underpass runs adjacent to the property and allows direct vehicular and pedestrian traffic to all of downtown Salmon Arm making the downtown and waterfront areas one in the same for the first time. C-6 zoning (Tourist/Recreation Commercial) allows for many uses such as the previously approved project for a 6 story, 64 unit, mixed commercial/residential building. This is a premier development property that is fit for a landmark building. (id:39198)
Location
Province
British Columbia
City
Salmon Arm
Address
250 Harbourfront Drive Ne
Postal Code
V1E0B3
Location Highlights
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Listed by
RE/MAX Shuswap Realty 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
$2,895,000
Asking Price
$2,895,000
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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