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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$299,000
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
Looking for a clinic? retail? beauty? These are all permitted use and many more with CC zoning. OPPORTUNITY! OPPORTUNITY! Have you dreamed of owning your own commercial unit? Owner would consider a seller mortgage OR rent-to-own with good credit and a good story. If you choose to rent, the prices for individual offices are $650 and up , Ill make you a a fantastic deal if you take the whole space for $3300 for 5 years. Now's the time to BUY.. money is made when you buy, not when you sell and this appears to be a great time to buy (with talk of GP exploding soon in population). The price is way down from other units that have sold. 1 large office with lots of windows, 3 more smaller ones with windows, 1 without window, 1 bathroom, 1 kitchenette, reception area, 1 storeroom. Excellent condo management- snow is removed quickly, flower pots are beautiful in summer. Lots of parking, close to QE2 hospital, downtown, provincial building. Unit has been well looked after over the years, some newer flooring and paint. Hardwood upstairs, laminate down. This is a very quiet unit, you never hear anything from neighbours. Prefer to sell but may lease if the situation arises. Seller is licenced Realtor in Alberta. FOR SALE OR LEASE This is also listed for lease.... MLS A1245893 *Realtors please refer to Agent Only Comments. (id:39198)
Location
Province
Alberta
City
Grande Prairie
Address
101 9856 97 Avenue
Postal Code
T8v7K2
Location Highlights
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Listed by
Grassroots Realty Group Ltd. Alberta listing
Category
Property Information
Premise Status
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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
1,555
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
$299,000
Asking Price
$299,000
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)
1,555
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
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Market Competition
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