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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,995,000
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
2240 6th Avenue represents a rare opportunity to purchase a large scale commercial building in central Castlegar with an estimated +32,000 SF of total floor area featuring main floor retail and warehouse space, 2nd floor office and storage, and substantial covered and secured warehouse space. Originally purpose-built for Arrow Building Supplies store in 1976, with a two-storey extension added in 1997, the property was most recently branded as RONA until approximately 2017. With the nearest remaining national brand building supply stores located in Trail (~25 mins) and Nelson (~35 mins), 2240 6th Avenue offers an exciting opportunity for related commercial businesses to strategically position themselves within the Castlegar market with limited regional competitive alternatives. With ~1.1 acres of land, 2240 6th Avenue is being offered for sale with two adjacent vacant land parcels including 2232 6th Avenue (~0.34 acres) and 2233 Columbia Avenue (~0.37 acres). The three properties are being offered as a package or individually, however, it is the seller's preference to secure a sale for 2240 6th Avenue (2472249) before selling the two vacant land parcels (2472250 & 2472248). (id:39198)
Location
Province
British Columbia
City
South Castlegar
Address
2240 6th Avenue
Postal Code
V1N2V9
Location Highlights
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Listed by
Royal LePage Kelowna 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
32,000
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
$1,995,000
Asking Price
$1,995,000
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)
32,000
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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