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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$599,000
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
Presenting a remarkable opportunity! Corner lot of Main and White Ave in downtown Penticton, this seldom-seen commercial lot with coveted C5 zoning unlocks endless potential for your next endeavor. Measuring 40 by 100 feet with convenient lane access, it's primed for your vision. Situated amidst a vibrant locale teeming with pedestrian activity, this property promises a strategic hub for your enterprise or investment. With flexible zoning accommodating diverse commercial ventures, and ample space for innovative concepts to flourish, seize this chance to shape your dreams into reality. Additionally, the adjacent lot at 582 Main is also on offer, allowing for a combined purchase for expanded possibilities. (id:39198)
Location
Province
British Columbia
City
Penticton
Address
598 Main Street
Postal Code
V2A5C7
Location Highlights
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Listed by
RE/MAX Penticton 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
$599,000
Asking Price
$599,000
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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