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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$849,000
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
Endless opportunity here with 13.8 acres of bareland situated in the heart of the quiet community of Diamond City. Developers, Investors, Speculators, Builders, or anyone else that sees the potential offered here. This one of a kind parcel is currently zoned Hamlet Residential, is fully fenced, irrigated and being utilized for hay production and/or pasture land. When was the last time you took a drive to Diamond City? I promise you will be shocked at the amazing growth of this Community! Dozens of famlies have built thier dream homes here and the pride of ownership is on display everywhere you look. Simply put.. people love living here! In 2020, Lethbridge County conducted a growth study for Diamond City and deemed this parcel to be best utilized for future residential and acreage lot development. This parcel is surrounded by acreage properties and is only a short 10 miute drive to West Lethbridge. (id:39198)
Location
Province
Alberta
City
Diamond City
Address
- Buylea Avenue
Postal Code
T0K0T0
Location Highlights
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Listed by
RE/MAX REAL ESTATE - LETHBRIDGE (PICTURE BUTTE) 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
$849,000
Asking Price
$849,000
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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