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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$6,750,000
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
2850 McCurdy Road is approximately 15.4 acres in size. Strategically positioned at the bustling northwest intersection of McCurdy Road and Highway 97, this property offers unparalleled visibility and convenient accessibility from the highway. This is a prime opportunity to acquire a flat greenfield site, recognized as one of the last remaining substantial tracts of highway-oriented land in central Kelowna, with close proximity to existing commercial, industrial and retail land uses; development to the West could potentially extend McCurdy Road towards Dilworth for a high-density multi-family project, currently proposed. Mill Creek runs through the property on the northwest corner and offers water rights from the creek. Join nearby tenants including Harley Davidson, Banner Recreation & Marine, Okanagan Power Equipment, McCurdy Corner Shopping Mall and more. In addition to this, 2850 McCurdy Road is a convenient 10-minute drive from both Downtown Kelowna and UBC Okanagan. The subject property offers one of the highest vehicle/traffic counts off of Highway 97 in Kelowna. City servicing is available near the property line. This property is currently agriculturally zoned and is within the Agricultural Land Reserve. (id:39198)
Location
Province
British Columbia
City
Kelowna
Address
2850 Mccurdy Road
Postal Code
V1X8C8
Location Highlights
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Listed by
Venture Realty Corp. British Columbia listing
Category
Property Information
Premise Status
Includes REAL ESTATE
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
N/A
Financial Information
Yearly Rate
$6,750,000
Asking Price
$6,750,000
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
No
Absentee Owner
No
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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