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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$2,590,000
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
74 acres of flat land zoned Rural Business. This great opportunity has direct highway access and sits on the tip of the Town of Strathmore annexed land. There is a WID tap and valve plus independent power on the property with it's own meter. Countless opportunities to build a business so close to town with major road access to Highway # 1 leading East and West as well as Highway #564 which leads West into the North side of Calgary both directly connecting to the Stoney Trail transportation corridor. The property next door is also zoned Rural Business and currently has approved uses for Garden Market, an outdoor cafe with it's commercial kitchen and is set up as a renowned Wedding Venue. Rural Business has permitted uses for accessory buildings, residential construction of a primary residence with the option for two residences, farm buildings, private greenhouse, agricultural processing and WECS. Discretionary uses include agri-tourism, alchohol production, animal services, auction mart, bed and breakfast, cannabis cultivation, contractor services, equestrian centre, entertainment venue, farm gate sales, public greenhouses, lodging facility, outdoor cafe, veterinary clinic and more. Applications for uses are submitted to the County of Wheatland for approval. This 74 acre parcel still has two more allowable subdivisions within it. With access to water, fabulous transportation corridors and Rural Business Zoning already in place, the opportunities are endless. (id:39198)
Location
Province
Alberta
City
Wheatland
Address
817
Postal Code
T1P0H8
Location Highlights
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Listed by
Century 21 Bamber Realty LTD. 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
$2,590,000
Asking Price
$2,590,000
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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