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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$3,760,000
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
Imagine your ideal investment at this standalone building situated in downtown Chilliwack, imbued with tremendous future potential. Following a recent rezoning with prospects for high-density usage (please confirm with Chilliwack City Ball), the property features seven fully leased RECENTLY residential units on the upper floor and six retail spaces under current proprietor occupation. Offered at a price $600,000 beneath the appraised value, this remarkable opportunity is tailor-made for astute investors in search of a profitable venture. The eager owner, approaching retirement, is eager for a prompt transaction. Please review the Realtor notes for additional information. (id:39198)
Location
Province
British Columbia
City
Chilliwack
Address
9259 Young Road
Postal Code
V2P4R1
Location Highlights
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Listed by
RE/MAX Masters Realty 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
7,000
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
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
N/A
Financial Information
Yearly Rate
$3,760,000
Asking Price
$3,760,000
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.
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)
7,000
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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