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Land For Sale at 9558 Glenmore Road in Lake Country, British Columbia

updated
4 Sale ID #180606
Updated 23 May 2024

Asking Price

$2,800,000

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

Lot Size

N/A

Building Size

N/A

Premise Summary

Introducing a prime commercial opportunity that's poised to take your business to new heights! Located in Lake Country, between the larger communities of Kelowna and Vernon and nestled on a strategically located, high-exposure corner lot, this property offers a golden ticket to success. Situated just minutes away from Kelowna International airport, it provides unparalleled convenience for travellers and commuters alike. This bustling intersection is close to UBCO, world-renowned wineries and lakes. With its high traffic count and excellent visibility, this property is a beacon for potential customers and clients. Whether you're seeking to launch a new venture or expand an existing one, the possibilities are endless. Zoned C11, Highway Commerical which allows for a breweries and distilleries, hotel, motel, car wash, automotive sales/rentals/repairs, retail space, restaurants, or any business that thrives on exposure and accessibility that cater to the needs of the travelling public. (id:39198)

  • MLS® : #10288559
  • Date Listed : 16 Nov 2023

Location

Province

British Columbia

City

Lake Country

Address

9558 Glenmore Road

Postal Code

V4V1M5

Location Highlights

N/A

Listed by

Royal LePage Downtown Realty British Columbia listing

Category

land

Property Information

Premise Status

Includes REAL ESTATE

With Accommodation

N/A

Tenancy

N/A

Lot Size

N/A

Available Space

N/A

Building Size

2,148

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 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

$2,800,000

Asking Price

$2,800,000

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.

N/A

Gross Revenue- annual

N/A

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)

N/A

EBITDA help Earnings Before Interest, Taxes, Depreciation, Amortization.

N/A

Premises Size (square feet)

2,148

Other Information

Owner willing to Finance

No

Absentee Owner

No

Support and Training

Not Included

Growth and Expansion

N/A

Market Competition

N/A


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