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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$2,999,900
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
Land and commercial building for sale in Downtown Mission! Great long term potential and growth with this property located near the end of the strip. Massive 5,318 Sq Ft building with 17 ft ceilings currently operating as a book store. Fully equipped with front desk/reception area, men and female bathrooms, laundry, and a completely open back half of the building ready for your ideas and finishing touch. Limitless options here - envision your business here. Screening room up at the top with another bathroom could be used a storage space, office room or converted to another bachelor unit. Above is also a 2 Bedroom + 1 Bath suite with sweeping views of the valley, Mission Bridge and Mountains. Seperate access to the suite & business. Back laneway access & exits as well. Lots of opportunity with mixed use DT1 zoning: bowling alley/pool hall, restaurant, daycare, office, hair salon, gym, recreational facility and so much more. Residential development potential for a high-rise project with up to 4.5 - 5 FSR! (id:39198)
Location
Province
British Columbia
City
Mission
Address
33017 1st Avenue
Postal Code
V2V1G2
Location Highlights
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Listed by
eXp Realty (Branch) British Columbia 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
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
N/A
Financial Information
Yearly Rate
$2,999,900
Asking Price
$2,999,900
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)
0
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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