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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$2,499,900
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
The iconic Hart Community Center has 16,323 sq ft of leasable events space and is Prince George's premiere wedding, Christmas party, and/or other function venue. The property boasts space for 2 concurrent events with full kitchen facilities, bar, daycare center, and elevator plus has 1.14 acres of excess land currently used as a dog park that has excellent re-developmental potential. Upstairs has been recently renovated to include office space and the existing zoning would allow for warehousing conversion. This property is for sale by the Crown and offers will not be considered until after May 21st, 2025. (id:39198)
Location
Province
British Columbia
City
Prince George
Address
Austin
Postal Code
V2K5Y8
Location Highlights
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Listed by
Maxsave Real Estate Services British Columbia 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
16,232
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
$2,499,900
Asking Price
$2,499,900
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)
16,232
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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