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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$550,000
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
Incredible Corner Lot in Prime Sicamous Location with .42 Acres of Potential! Zoned MUR-1 Multi Unit Residential (mixed use) this property is a fantastic investment opportunity. The lot is fully fenced with a 6-foot chain link and features 2 sliding gates & 1 swing gate, creating a secure compound. Quick possession is available, allowing you to seize the potential of this promising location. Situated in the heart of Sicamous, this property is just a stone's throw away from the stunning Shuswap Lake and is conveniently located near the downtown core. Immerse yourself in the vibrant community by walking to nearby pubs, grocery stores, Shuswap and Mara Lakes, Sicamous Beach, Water Park, and public boat launches. This development property offers unparalleled accessibility to all that Sicamous has to offer! Positioned just one block off Main Street and a mere two blocks from the breathtaking Shuswap Lakes, this lot is in the midst of Sicamous' growth and expansion. Now is the perfect time to seize the opportunity and invest in our beautiful lake community. Sicamous is undergoing exciting new development projects, and with its rare four-season appeal, it stands as a true gem in Canada. Say goodbye to overthinking and hello to planning and investing in your dream lakeside lifestyle! Make the move to live and work by the lake. Being Sold "as is where is". For additional details, visit the listing agent's website and follow the provided links. (id:39198)
Location
Province
British Columbia
City
Sicamous
Address
401 Finlayson Street
Postal Code
V0E2V1
Location Highlights
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Listed by
Re/Max At Mara Lake 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
N/A
Current Owner - years
N/A
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
$550,000
Asking Price
$550,000
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
No
Absentee Owner
No
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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