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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,548,000
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
RARELY AVAILABLE STREET LEVEL 918 SQFT STRATA LOT in the heart of the BROADWAY CORRIDOR. Concrete mix-use building with HVAC, 1 secure parking, W/D hookup, small office and a private bathroom. HIGHLY VISIBLE CORNER UNIT with heavy traffic and pedestrian flow only 1 block from the new OAK-VGH Broadway Subway Station. Minutes walk to Vancouver General Hospital, all amenities and just a 5 minute drive from Downtown Vancouver. Currently operated as an established Nail Salon & Spa available for VACANT POSSESSION in January 2025. Extremely rare opportunity to own a street level strata retail space on The Broadway Corridor. C-3A zoning offers endless possibilities suitable for many kinds of retail or professional services. Units like this seldom come to market especially with VACANT POSSESION! Do not miss this opportunity ....Call your agent today! (id:39198)
Location
Province
British Columbia
City
Vancouver
Address
1066 W Broadway
Postal Code
V6H1E7
Location Highlights
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Listed by
Royal LePage Sussex 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
918
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
$1,548,000
Asking Price
$1,548,000
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)
918
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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