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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$2,975,000
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
Multifamily building site located within the neighborhood of Bowness and falls into the Bowness Area Redevelopment boundary plan. Bowness road has been identified as a Main Street by the City of Calgary , meaning it is an active corridor that attracts Calgary to socialize work , live shop dine and celebrate. The location is a main transportation route for those who walk , cycle drive or use transit. Project in this location will enhance Bowness, will add growth of this eclectic and developing Bowness Road ( Main Street) and contributing to the Bowness Area Development Plan. The site has been identified as low-medium Multi Dwelling Land. This site location would be ideal for 64 suite , six storey building. The project is well located for affordable housing and the rapidly demanding rental market. (id:39198)
Location
Province
Alberta
City
Calgary
Address
6108 33 Avenue Nw
Postal Code
T3B1K5
Location Highlights
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Listed by
RE/MAX Realty Professionals 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
$2,975,000
Asking Price
$2,975,000
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
N/A
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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