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Retail Property For Sale at 116 CENTENNIAL STREET in Sparwood, British Columbia

New
4 Sale ID #226758
Updated 01 May 2024

Asking Price

$299,995

Cap Rate help 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

Centrally located, 1640 sq ft commercial space in the heart of downtown Sparwood. Interior space currently has 7 offices, a large meeting room and 2 bathrooms. Laneway access with parking for 2 vehicles in the rear. Building was substantially renovated in 2011, ready for all of your design ideas. Current tenant has been in place since 2015. (id:39198)

  • MLS® : #2476181
  • Date Listed : 15 Apr 2024

Location

Province

British Columbia

City

Sparwood

Address

116 Centennial Street

Postal Code

V0B2G0

Location Highlights

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Listed by

RE/MAX Elk Valley Realty British Columbia listing

Category

retail-properties

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

0

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 help Furniture, Fixtures & Equipment that remain with the business.

Not Included

Inventory Value - approximate help 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

$299,995

Asking Price

$299,995

Cap Rate help 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 help 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 help 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 help Earnings Before Interest, Taxes, Depreciation, Amortization.

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Premises Size (square feet)

0

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

N/A


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