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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$129,000
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
Investor’s Dream in Medicine Hat - Prime Corner Lot!Welcome to a remarkable investment opportunity in the heart of Medicine Hat. This expansive corner lot, once two separate parcels, now offers endless potential for savvy investors. With its generous 80’X130” size and mature trees, this property boasts both charm and potential for substantial returns.Features:•Size: This lot, formerly two separate lots, provides ample space for various development options. A total land area that could cater to multi-family and commercial ventures.•Mature Trees: The property is graced by mature trees, creating a serene atmosphere and adding aesthetic value to any development.•Development Blueprint: Gain a competitive edge with an existing blueprint approved by the city for a seven-unit townhouse. This ready-to-go plan could be your ticket to a lucrative investment.•Versatile Zoning: Explore multi-family housing or tap into the commercial possibilities this corner lot offers. The choice is yours!•Subdivision Potential: Further flexibility exists with the option to subdivide the lot into two smaller parcels, allowing for multiple investment avenues.Location:Nestled in the vibrant city of Medicine Hat, this corner lot enjoys a strategic location that’s poised for growth and development. Accessible to amenities, schools, and transportation, it’s an ideal spot for both residents and businesses.Investors, seize this golden opportunity to shape your vision on this promising corner lot in Medicine Hat. Whether you’re considering multi-family living, commercial ventures, or further development, this property is your canvas. Don’t miss out on this extraordinary investment prospect! Contact us today to learn more and make this property your next success story. (id:39198)
Location
Province
Alberta
City
Medicine Hat
Address
925 Yuill Street Se
Postal Code
T1A0Y9
Location Highlights
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Listed by
ROYAL LEPAGE COMMUNITY REALTY 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
$129,000
Asking Price
$129,000
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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