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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$2,295,000
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
LAND ASSEMBLY. VACANT LAND 150 x 125 ft, +/- 18,731 SF of prominent land prime for new development in a fully built-out mature community located three blocks northeast of Chinook Centre: Calgary’s largest and most popular mall. Proposed zoning allows for up to 99 units. The maximum height restrictions for the Development Site is 13 storeys. The Lands are in close proximity to the Chinook CTrain Red Line, Macleod Trail, Glenmore Trail SW, and Blackfoot Trail SE, offering effective citywide connectivity and quick access to Calgary’s compelling employment drivers, services, retail and entertainment nodes. Located less than 100 m away from the highly trafficked intersection of Macleod Trail and 53 Ave SW and bordered by residential and commercial parcels in the mature community of Manchester. The community of Manchester and surrounding areas capture a desirable demographic: young, affluent, educated renters. Manchester is one of the municipality’s fastest growing nodes over the last 5 years (12.0% population change) and is forecast to continue to grow at a pace of 23.8% until 2028 (outpacing the rest of the city and province at 11.8% and 7.9%, respectively). ///. Also for sale directly to the South of this land are 5332 & 5336 2 ST SW for $600,000 each. See MLS #A2170786 and MLS #A2169770. See photo #1 for more land description. Drive by this interesting site and call today for more info. (id:39198)
Location
Province
Alberta
City
Calgary
Address
5320 2 Street Sw
Postal Code
T2H0G7
Location Highlights
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Listed by
eXp Realty 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
$2,295,000
Asking Price
$2,295,000
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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