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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$75,000
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
5.53 acres parcel for sale located in the Village of Lomond. Located at the south end of Lomond, along Secondary Highway 845. This property was once home to a grain elevator and railway line. As a result, there is very good street exposure and access to traffic. This property is currently zoned Vacant Public Service, by the Village of Lomond. The new owner will need to apply for a change of use and zoning. The Village of Lomond would like to have a development agreement with the purchaser within 12 months of the possession date, and development starting within a year of that date. This is a unique opportunity for a buyer looking for good street/highway and traffic access. The village is located 43 minutes north of Coaldale, and has recreational areas such as Little Bow Provincial Park, Badger Lake, and McGregor Lake all within 20 minutes. *Note that the 2025 property tax amount is only an estimate. Property tax amount will change once the property has zoning changed. (id:39198)
Location
Province
Alberta
City
Lomond
Address
Railway
Postal Code
T0L1G0
Location Highlights
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Listed by
Magnuson Realty Ltd 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
$75,000
Asking Price
$75,000
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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