Rotate your device back to portrait Mode!
Rotate your device back to portrait Mode!
BROKERS Register for FREE
BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,099,000
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.
N/A
Lot Size
N/A
Building Size
N/A
Premise Summary
DEVELOPERS - INCREDIBLE OPPORTUNITY TO DEVELOP A FOUR TITLE LAND ASSEMBLY INTO A MULTI-UNIT RESIDENTIAL SUBDIVISION UNDER THE ""R-10 RESIDENTIAL ZONE""! Discover an unparalleled opportunity in Salmon Arm! This property is one of four separate, neighbouring properties on 50th St NE (separate Seller & Title for each property) in this Land Assembly, together spanning a total of 5.88 acres. As per the City of Salmon Arm, based on low density provisions, the ""R-10 Zoning"" would allow 22 units/ha (Buyer is responsible for their own due diligence on development). Nestled in an up-coming area, offering proximity to North Canoe public school, grocery store, popular restaurant & short drive to all Salmon Arm amenities. Enjoy a nice walk to Canoe Beach on breathtaking Shuswap Lake. With seamless access to the Trans Canada Highway, commuting is effortless, enhancing the Land Assembly's appeal for developers & investors alike. An 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's first preference is to sell this property MLS®# 10332384 (PID: 009-603-794) within a land assembly which includes the following three (3) land titles: MLS®# 10332385 (PID: 004-787-226), MLS®# 10332387 (PID: 009-632-867), MLS®# 10332386 (PID: 005-291-461) OR The Sellers second preference would be to sell this property MLS®# 10332384 (PID: 009-603-794) with MLS®# 10332387 (PID: 009-632-867). (id:39198)
Location
Province
British Columbia
City
Salmon Arm
Address
6641 50th Street Ne
Postal Code
V0E1K0
Location Highlights
N/A
Listed by
Fair Realty (Salmon Arm) British Columbia listing
Category
Property Information
Premise Status
N/A
With Accommodation
N/A
Tenancy
N/A
Lot Size
N/A
Available Space
N/A
Building Size
0
Year Built
N/A
Years Remaining in Current Lease Term
N/A
Renewal Options
N/A
Operational Information
Number of Working Owners
N/A
Current Owner - years
N/A
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
N/A
Financial Information
Yearly Rate
$1,099,000
Asking Price
$1,099,000
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.
N/A
NOI
Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.
N/A
Gross Revenue- annual
N/A
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)
N/A
EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
N/A
Premises Size (square feet)
0
Other Information
Owner willing to Finance
N/A
Absentee Owner
N/A
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
Save this Listing
Why this Marketplace was Created
Frustrated by the timely process of searching for businesses and commercial properties on the market, the founders at Businesses 4 Sale created a platform to transform the business/commercial property buying and selling experience. The database compiles the most relevant information from multiple industry sources, making it easy for future business/commercial property owners and sellers to find exactly what they are looking for.
