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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,150,000
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
DEVELOPERS - AN INCREDIBLE OPPORTUNITY TO DEVELOP A FOUR TITLE LAND ASSEMBLY INTO A MULTI-UNIT RESIDENTIAL SUBDIVISION UNDER THE NEW ""R-10 RESIDENTIAL ZONE""! Discover an unparalleled opportunity in Salmon Arm, BC! This property is one of four separate, neighbouring properties on 50th St NE (separate Seller & Title for each property) within this Land Assembly, together spanning a total of 5.88 acres. As per the City of Salmon Arm, based on low density provisions, the new ""R-10 Zoning Bylaw"" would allow 22 units/ha (Buyer is responsible for their own due diligence on development). Nestled in an up-and-coming area, it offers proximity to North Canoe public school, grocery store, popular restaurant & short drive to all Salmon Arm amenities. Enjoy a leisurely walk to Canoe Beach on breathtaking Shuswap Lake, adding to the allure of this location. With seamless access to the Trans Canada Highway, commuting is effortless, enhancing the Land Assembly's appeal for developers & investors alike. Don't miss out on this incredible chance to shape the future of Salmon Arm's housing landscape. Home (1959) & outbuildings on property are being sold ""as is, where is"". See Excluded Items. The Seller prefers to sell this property within a Land Assembly, which includes the following other three (3) Land Titles: 6721 50 Street NE Salmon Arm, PID 004-787-226, MLS® 10318333; 6661 50 Street NE Salmon Arm, PID 005-291-461, MLS® 10318154; 6611 50 Street NE Salmon Arm, PID 009-632-867, MLS® 10318008. (id:39198)
Location
Province
British Columbia
City
Salmon Arm
Address
6641 50th Street Ne
Postal Code
V0E1K0
Location Highlights
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Listed by
Fair Realty (Salmon Arm) 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
$1,150,000
Asking Price
$1,150,000
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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