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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,650,000
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
Welcome to 2 AVE South, Lethbridge, Alberta. Multipurpose (office/retail) building in downtown Lethbridge is an exceptional investor opportunity to purchase a building that is 4248 SF leased for 5 years. This is a very rare opportunity to start your own business or lease out the remaining two vacant bays, ensuring a steady returns on your investment. Very well maintained building, close to all the amenities offered by Downtown Lethbridge (restaurants, shopping malls, various retail stores, government buildings and active life.)The highlight of this building is its excellent location in the heart of the city, next to the city's largest shopping malls, banks, hotels and courts, within walking distance to food, medicine, government services, CASA and post office. To the right of this building is a huge central park where new facilities have been constructed recently for the Core Downtown Revitalization Project. This is the first time on market FOR SALE!! The building is a large corner location, just minutes to Highway 3, and Scenic Drive S with convenience parking in the front and/or side. It is very rare to find so many parking spaces in the city center. Some parking spaces has been leased for several years.This building is perfect for professional offices, retail stores, lawyers, realtors, builders, or mortgage companies and so many more!! (id:39198)
Location
Province
Alberta
City
Lethbridge
Address
701703705 2 Avenue S
Postal Code
T1J0C4
Location Highlights
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Listed by
Maxwell Devonshire 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
9,644
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
$1,650,000
Asking Price
$1,650,000
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)
9,644
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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Why this Marketplace was Created
Frustrated by the timely process of searching for businesses and commercial properties on the market, the founders at Businesses 4 Sale created a platform to transform the business/commercial property buying and selling experience. The database compiles the most relevant information from multiple industry sources, making it easy for future business/commercial property owners and sellers to find exactly what they are looking for.
