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Land For Sale at On Highway 771 in Lacombe, Alberta

4 Sale ID #212596
Updated 24 May 2024

Asking Price

$1,650,000

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

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Building Size

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Premise Summary

58.51 acre parcel with Gull Lake frontage currently Zoned AG with Parkland Beach to the north and Birch Bay to the south. 27 Acres of this piece are cultivated. Possibilities are endless here with county approval development ideas include a Wedding Venue, Campground or Residential Development. Directly to the north is the Stoner's Landing public boat launch. Rare opportunity here to own lakefront property on the west side of Gull Lake with Paved Access. (id:39198)

  • MLS® : #A2112930
  • Date Listed : 07 Mar 2024

Location

Province

Alberta

City

Lacombe

Address

On Highway 771

Postal Code

T4L1N1

Location Highlights

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Listed by

Century 21 Maximum 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

$1,650,000

Asking Price

$1,650,000

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

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Absentee Owner

N/A

Support and Training

Not Included

Growth and Expansion

N/A

Market Competition

N/A


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