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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$579,800
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
This free-standing commercial property presents an exciting prospect for the astute investor. Situated in the bustling Chinatown area on a prominent high-traffic thoroughfare, this location ensures maximum visibility and easy accessibility, creating a prime spot for a variety of business endeavours. Spanning 2150 square feet of newer concrete construction with a newer roof, this building's high ceilings and air-conditioning system offer a comfortable and flexible space. It is currently divided into two distinct rental units, each with separate entrances and addresses, it allows for diversification of rental income or the possibility of a multi-faceted business operation. Zoning for this property is suitable for a multitude of uses including retail, professional offices, food services, and personal services. Step into the future of your portfolio with this exceptional property. (id:39198)
Location
Province
Alberta
City
Edmonton
Address
10653 97 St Nw
Postal Code
T5H2L7
Location Highlights
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Listed by
RE/MAX 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
2,151
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
N/A
Financial Information
Yearly Rate
$579,800
Asking Price
$579,800
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.
N/A
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)
2,151
Other Information
Owner willing to Finance
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Absentee Owner
N/A
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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