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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$289,900
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
POTENTIAL DUPLEX LOT IN THE HEART OF DOWNTOWN NANAIMO. This prime 38 x 74.4 ft cleared vacant lot is an incredible opportunity to bring your plans and develop a building with innumerable possible uses. Zoned DT8, this flexible use zoning allows for mixed-use commercial and residential, residential use, street level commercial with second and third floors as multiple-family residential uses, and more. The location is perfectly suited for a thriving business, adjacent to Nob Hill Park and close to all services and the vibrant Nanaimo Harbour. City services are available to the lot, as well as natural gas. Enjoy breathtaking views of the mountain and city by adding height on the upper levels. Whether for single or multi-family residential or commercial purposes, the options are endless. The DT8 zoning permits a variety of businesses, such as pharmacies, laundromats, offices, restaurants, pubs, daycare centers, and veterinary clinics. Don't miss out on your chance to build your dream property in this fantastic downtown location. (id:39198)
Location
Province
British Columbia
City
Nanaimo
Address
532 Selby St
Postal Code
V9R2R8
Location Highlights
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Listed by
Royal LePage Parksville-Qualicum Beach Realty (PK) 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
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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
$289,900
Asking Price
$289,900
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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