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Benefits
Asking Price
$360,000
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
Strategically positioned on Main Street Cold Lake in a bustling commercial area, this property offers excellent exposure to Highway 28 and is just a few meters from the busiest intersection in Cold Lake. Comprising two lots, each measuring 50 x 144, the property is zoned Residential Mixed Use, opening the door to a wide array of commercial projects or the potential for multi-tenant commercial/residential buildings. Situated between a commercial multi-tenant building and a restaurant/lounge, and across from the newest car wash and liquor store in Cold Lake, the location is prime for business. Back alley access adds convenience, and the property enjoys significant foot traffic. Whether you're starting a new venture or expanding an existing one, this is a great spot with immense potential for success. (id:39198)
Location
Province
Alberta
City
Cold Lake
Address
5304 50 Av
Postal Code
T9M1S2
Location Highlights
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Listed by
Coldwell Banker Lifestyle 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
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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
$360,000
Asking Price
$360,000
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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