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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$399,900
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
Prime Commercial Building in Downtown Prince Albert - Midtown Area Welcome to an exceptional investment opportunity in the heart of downtown Prince Albert's midtown area. This versatile commercial building, spanning 4480 square feet, is split into two distinct office spaces, making it an ideal choice for investors and business owners. Main Office Space (2980 sq/ft): Currently owner-occupied and utilized as an insurance business, this meticulously designed office space offers a professional and functional environment. Featuring: Board room 5 private offices Staff room 2 half baths Mail/photocopy room Open meeting room Reception area Secondary Office Space (1500 sq/ft): Boasting a developed layout, this space is centrally located within the building and includes: 5 offices 1 board room Reception area 1/2 bath Coffee area Lease Information: The secondary office space is currently leased to a professional therapy business until December 2026, providing a reliable and steady income stream. The lease terms are competitive at $13/square foot plus $7/square foot for occupancy costs. Key Features: The roof was replaced in 2017, ensuring a well-maintained property Large lot with ample parking for both customers and staff Large parking lot for added convenience This commercial gem is strategically positioned in a vibrant downtown area, offering easy access to essential amenities, businesses, and a thriving community. Don't miss this chance to acquire a well-established property with a strong rental history and potential for growth. (id:39198)
Location
Province
Saskatchewan
City
Prince Albert
Address
1308 1st Avenue E
Postal Code
S6V2B1
Location Highlights
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Listed by
Hansen Real Estate Inc. Saskatchewan 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
4,480
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
$399,900
Asking Price
$399,900
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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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)
4,480
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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