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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$449,000
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.
N/A
Lot Size
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Building Size
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Premise Summary
Major investment opportunity: Fully renovated, well known mixed-use building in high traffic/prime location with solid tenants. The main floor features two spaces, one of which is occupied by the St. Josephs Prayer center/bookstore. The vacant portion has been completely renovated with approx. 2200sq.ft of showroom featuring 10' ceilings, bathroom, and reception area. The shop area is approx. 2600sq.ft with a single 16'w x 11'h overhead door. The St. Josephs Prayer Center has been completely renovated & updated including new PVC windows and updated lighting. The prayer center has 2 offices (7'10" x 11'), 9 ft. ceiling height (suspended) in the main area, tons of natural light, and 2 washrooms. The back portion of the center has 13' ceilings with a walkaround balcony above, kitchen area with brand new cabinetry/appliances/flooring, and a floor model furnace. The basement is clean, wide open, dry, and is great for storage. Above the prayer center are two modern, and fully renovated apartments which are leased. Apartment 1 features 2 bedrooms, with the master bedroom being very large at 16'9" x 11'7", 1 bathroom, full kitchen, and in-room laundry. Apartment 2 is a 1 bed, 1 bath, with in-room laundry and new appliances. This is a very solid building, with a great foundation, and great tenants. Call today for more information! (id:39198)
Location
Province
Saskatchewan
City
Estevan
Address
1033 4th Street
Postal Code
S4A2L7
Location Highlights
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Listed by
Mack Realty Saskatchewan listing
Category
Property Information
Premise Status
Includes REAL ESTATE
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
8,307
Year Built
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Years Remaining in Current Lease Term
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Renewal Options
N/A
Operational Information
Number of Working Owners
N/A
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
N/A
Financial Information
Yearly Rate
$449,000
Asking Price
$449,000
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)
N/A
EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
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Premises Size (square feet)
8,307
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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