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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$65,000
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
INDUSTRIAL/COMMERCIAL AVIATION LOTS right next to the Airport TAXIWAY located at the CLARESHOLM AIRPORT. The Airport is serviced by a 900-meter main runway (with lighting) and 900-meter cross-strip runway. A new asphalt topcoat will be applied to the main runway this Fall. All lots are serviced to the property line, and the developer would be responsible for all utility connections, as well as the construction of access to the municipal road and taxiway. The 0.25 of an ACRE lot is BIG enough to add your HANGAR or COMMERCIAL BAY as long as it has an aircraft hanger door located on the taxiway side of the structure. A restrictive covenant outlining the architectural requirements and land uses is attached to the title of the lands. The vendor is prepared to hold the property for 6 months with a $5000 deposit while you request approval for building commitments WITH a FIRM SALE. Once POSSESSION is finalized, the developer must build within a 2-year period. The MD of Willow Creek has among the lowest tax rates in Southern Alberta and property taxes are dependent upon the size of the structure and amenities. The airport is located only minutes from Claresholm and is located conveniently an HOUR south of Calgary or 45 minutes from Lethbridge. LOT SIZE is 100 X 107 feet. The GST will be applicable on the Sale Price. This investment offers GREAT Value, please call for your AGENT for an INFORMATION PACKAGE. (id:39198)
Location
Province
Alberta
City
Claresholm
Address
31 Lancaster Drive
Postal Code
T0L0T0
Location Highlights
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Listed by
RE/MAX HOUSE OF REAL ESTATE Alberta 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
$65,000
Asking Price
$65,000
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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