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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$649,900
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
One owner for many, many years is selling this "park-like" property and the adjacent lot together, featuring one magnificent 100ft wide lot, totalling almost 1/3 of an acre! Both lots are R-CG zoned and these two individual lots have 50ft of frontage and are on separate titles. Each property is listed for $649,900 and must be sold together, ready for your next redevelopment opportunities!!!. The other adjacent property at 7616 34 Avenue NW has an older 3 bedroom story and a half and needs cosmetic TLC and could be rented in the interim awaiting development approvals. This property at 7620 34 Avenue NW is a "lot-only property"; this property includes only a huge 26x24 detached garage and no house. This excellent location, is a short walk to the new Superstore, across from Trinity Hills Box stores, two minutes away from the Calgary Farmer's Market in the Greenwich community, 5 minutes away from two hospitals, a short commute to downtown and easy access west to the mountains!!! Hurry on this incredible investment or building opportunity. *** Please note that all photos include both properties. *** (id:39198)
Location
Province
Alberta
City
Calgary
Address
34
Postal Code
T3B1N6
Location Highlights
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Listed by
RE/MAX House of Real Estate 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
$649,900
Asking Price
$649,900
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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