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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$499,900
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
Exceptional opportunity to own a prime downtown building. This striking property, constructed in 2009, features a brick exterior that exudes timeless elegance and durability. Situated in the heart of the city, this building offers an ideal location for both commercial and professional ventures. The second floor houses a spacious and professionally appointed office space. With ample natural light streaming through large windows, this floor creates an inviting and productive work environment. Direct entrance from the street, so could be leased out separate from the main floor. Main floor is currently used as classroom space and more office, but could be changed to suit the needs of the new owner. A distinct advantage that sets it apart from many other properties in the area—the availability of parking in the back! (id:39198)
Location
Province
Alberta
City
Medicine Hat
Address
3
Postal Code
T1A0H4
Location Highlights
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Listed by
RE/MAX MEDALTA REAL ESTATE 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
4,450
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
$499,900
Asking Price
$499,900
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)
4,450
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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