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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$675,000
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
Exclusive opportunity! The building is up for sale, offering 5000 sq ft of solid construction in a prime downtown Cold Lake location. Erected in 1977, this structure currently houses a sizable real estate office and a thriving hair salon. A significant upgrade includes a brand-new roof, replaced less than 2 years ago, backed by a 10-year warranty for added peace of mind. Numerous interior improvements have been undertaken recently, encompassing new washrooms, flooring, and fresh paint. The interior layout features two separate washrooms, catering to each business, with a centrally located boardroom equipped with storage space. Parking is convenient, with 6 spots available at the rear and additional front main street parking. This is an exceptional opportunity to own a well-maintained and strategically located building, presenting possibilities for various businesses or investment purposes. (id:39198)
Location
Province
Alberta
City
Cold Lake
Address
5008 50 Av
Postal Code
T9M1X6
Location Highlights
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Listed by
Coldwell Banker Lifestyle 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
5,000
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
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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
$675,000
Asking Price
$675,000
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)
5,000
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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