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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$279,900
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.
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Lot Size
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Building Size
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Premise Summary
This character home in Reginas Transition Area is a great find! The 1486 sq/ft home is currently used and assessed as a Residential property, however, DCDCS Zoning allows it as mixed use and can be re-assessed as a Commercial property. When previously used as a commercial property the main floor featured a reception area, boardroom, main office and the kitchen. The 2nd floor contained 3 additional rooms that were used as offices and a full 4 piece bathroom. The basement is roughed in for a future bathroom, has been braced with a newer concrete floor and seems to be very solid. A nice size yard, the 12 x 18 single detached garage, and some extra parking in back is a bonus. This property has also seen some recent significant upgrades, including 100amp electrical with all wiring and switches upgraded, and more. Set up your viewing appointment today! (id:39198)
Location
Province
Saskatchewan
City
Regina
Address
2168 Smith Street
Postal Code
S4P2P2
Location Highlights
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Listed by
Optimum Realty Inc. 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
1,486
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
$279,900
Asking Price
$279,900
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.
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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)
1,486
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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