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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$3,200,000
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
This 5 acre property not in the ALR offers tremendous opportunity. With new provincial legislation coming to allow more homes on properties, should be similar to a medium density zoning which would allow up to 80 homes on this property. This incredible and private in town 5 acres backing onto Little Mountain has a central location and City Services basically at property line. Wonderful mountain views, a central location, close to schools and parks would make an amazing development. Property includes a 3000+ square foot, 6 bedroom 3 bathroom home, and several out buildings. With a shortage of housing and development property in Salmon Arm, this property has tons of upside to develop or have as a holding property. (id:39198)
Location
Province
British Columbia
City
Salmon Arm
Address
3851 10 Avenue Se
Postal Code
V1E1W7
Location Highlights
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Listed by
Homelife Salmon Arm Realty.Com 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
$3,200,000
Asking Price
$3,200,000
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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