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Land For Sale at 2800 20 Avenue NE in Salmon Arm, British Columbia

4 Sale ID #213186
Updated 07 May 2024

Asking Price

$3,399,000

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

Lot Size

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Building Size

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Premise Summary

Prime 4.32 acre property. Property is zoned R4 matching the official community plan as medium density residential with potential for single family residential lots or strata development, R4 allows 16 units per acre potential for a total of 69 homes. With new Government housing and zoning rules and incentives to create more housing, this property has loads of opportunity. All city services available. This property will have very low offsite costs and cost effective access to services. This is truly one of the nicest areas in Salmon Arm and surrounded by all the amenities. The property is mostly flat and ideal to build on. Salmon Arm is one of the fastest growing communities in BC. Give me a call for a look or more details before it's gone. (id:39198)

  • MLS® : #10306468
  • Date Listed : 07 Mar 2024

Location

Province

British Columbia

City

Salmon Arm

Address

2800 20 Avenue Ne

Postal Code

V1E4R5

Location Highlights

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Listed by

Homelife Salmon Arm Realty.Com 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

$3,399,000

Asking Price

$3,399,000

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

N/A

Absentee Owner

N/A

Support and Training

Not Included

Growth and Expansion

N/A

Market Competition

N/A


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