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Land For Sale at 6 120 Burbank Road in Lacombe, Alberta

New
4 Sale ID #210220
Updated 02 Mar 2024

Asking Price

$210,000

Cap Rate help 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

Welcome to your dream location! Only 7 of these 1.25-acre lots remain, nested alongside the serene ambiance of the Red Deer and Blindman Rivers. Discover the perfect escape enveloped by nature just minutes from Red Deer and Blackfalds! Build your dream home in the perfect location, with the builder of your choice. Take this opportunity to pick everything out for your ideal home, from the floor plan to the finishes and fixtures. Explore the nature trails surrounding the subdivision, savor the fresh air and enjoy the open space all around. A playground is just a few steps away from your doorstep, the perfect spot for kids to run and play and enjoy getting back to nature. With such a small community, you can get to know your neighbours and feel comfortable and secure in your new home. Convenience is key, with a quick commute to Red Deer, Blackfalds, or Lacombe, giving you the benefit of life on an acreage without the long drive to town. Seller is offering $40,000 cash incentive on lots sold before March 31st, 2024. (id:39198)

  • MLS® : #A2111506
  • Date Listed : 01 Mar 2024

Location

Province

Alberta

City

Lacombe

Address

6 120 Burbank Road

Postal Code

T0M0J0

Location Highlights

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Listed by

RE/MAX real estate central alberta Alberta listing

Category

land

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 help Furniture, Fixtures & Equipment that remain with the business.

Not Included

Inventory Value - approximate help 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

$210,000

Asking Price

$210,000

Cap Rate help 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.

N/A

NOI help 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 help 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 help 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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