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Land For Sale at 9&10 120 Burbank Road in Lacombe, Alberta

4 Sale ID #211524
Updated 24 May 2024

Asking Price

$310,000

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

This remarkable 2.5-acre parcel provides an ideal canvas for building your dream home – with room for a shop – just minutes to Blackfalds and Red Deer. You'll relish the best of both worlds – the charm of country living coupled with easy access to modern amenities. Nestled between Blackfalds and Red Deer, and a short distance from the Red Deer River, this acreage subdivision promises not only a home but a community with friendly neighbors, room for expansion, and a tranquility rarely found in urban settings. Take charge of your vision by selecting your preferred builder and crafting a family haven tailored to your exact specifications. Surrounded by natural beauty, including majestic trees, sprawling fields, scenic walking paths, and unparalleled views, Burbank Heights exudes contentment. Your haven awaits in this idyllic acreage development – Burbank Heights, where space meets nature in perfect harmony. (id:39198)

  • MLS® : #A2112309
  • Date Listed : 05 Mar 2024

Location

Province

Alberta

City

Lacombe

Address

9&10 120 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

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 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

N/A

Financial Information

Yearly Rate

$310,000

Asking Price

$310,000

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

N/A

Absentee Owner

N/A

Support and Training

Not Included

Growth and Expansion

N/A

Market Competition

N/A


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