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Office Building For Sale at 1574 MACLEOD STREET in Masset, British Columbia

4 Sale ID #186658
Updated 05 May 2024

Asking Price

$375,000

Cap Rate help 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

Bring your business ideas to this wonderful commercial property in downtown Masset, Haida Gwaii. This building has been purpose built with an incredible, large cafe style kitchen, including a convenient drive through window allowing you to serve customers on the go. The main floor also has a lovely guest dining area and washroom. The second level, flex space, consists of two large rooms, another washroom and laundry facilities. This newly built building is ready to move in and see your business dreams comes to life. (id:39198)

  • MLS® : #C8056182
  • Date Listed : 11 Dec 2023

Location

Province

British Columbia

City

Masset

Address

1574 Macleod Street

Postal Code

V0T1M0

Location Highlights

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Listed by

RE/MAX Coast Mountains (PR) British Columbia listing

Category

office-buildings

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

1,536

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 help Furniture, Fixtures & Equipment that remain with the business.

Not Included

Inventory Value - approximate help Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.

Not Included

Franchise

N/A

Financial Information

Yearly Rate

$375,000

Asking Price

$375,000

Cap Rate help 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 help Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.

N/A

Gross Revenue- annual

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Cash Flow - annual help 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 help Earnings Before Interest, Taxes, Depreciation, Amortization.

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Premises Size (square feet)

1,536

Other Information

Owner willing to Finance

N/A

Absentee Owner

N/A

Support and Training

Not Included

Growth and Expansion

N/A

Market Competition

N/A


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