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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$299,000
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
Situated within walking distance to shopping, schools, restaurants, and so many other amenities, you will appreciate the convenience of the location with this large property right in the heart of Creston. Walk across the soccer field that backs onto this property to get to the Creston and District Community Complex - never worry about finding a parking spot again to go swimming, skating, curling, to the gym or to watch a hockey game! Currently zoned R-4, Apartment Residential, however this .664 of an acre property could be developed a variety of ways. Municipal water and sewer are available to connect to, power is on site, and natural gas, high speed internet and cable are all readily available. Come take a look and finish the previous plan, or start a new plan of your own, there is much more to this property than meets the eye from a drive by - call your REALTOR for all the details! (id:39198)
Location
Province
British Columbia
City
Creston
Address
324 16th Avenue N
Postal Code
V0B1G5
Location Highlights
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Listed by
CENTURY 21 Veitch 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
$299,000
Asking Price
$299,000
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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