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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$849,900
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.
N/A
Lot Size
N/A
Building Size
N/A
Premise Summary
This is a great mixed use commercial property in a busy, high traffic area of the city. 4657 sqft shop with 7 OH doors including 12' high doors on the rear, and 14' OH door on the front of the drive thru wash/service bay. Retail/ showroom area, Office areas, storage areas throughout and a large Mezzanine 1218 sqft above part of the bldg. Amazing exposure on busy Kingsway Ave and large Pylon Sign out front. Numerous upgrades with additions 1979, 1981 and 1996, roof work and fully paved site. Property is Environmental Cleared with reports. Commercial tenants on lease for 2 more yrs. Property also includes residence at rear off of 12 st se. 812 sqft bungalow with full finished basement, 2 beds on main 1 bath with great tenants that want to stay! Take a good look at this opportunity! (id:39198)
Location
Province
Alberta
City
Medicine Hat
Address
1139 Kingsway Avenue Se
Postal Code
T1A2Y1
Location Highlights
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Listed by
EXP REALTY Alberta 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
4,657
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
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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
N/A
Financial Information
Yearly Rate
$849,900
Asking Price
$849,900
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.
N/A
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)
4,657
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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