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Suite of tools & services
Benefits
Asking Price
$2,400,000
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
An exceptional opportunity awaits to acquire a commercial property with direct street access to the vibrant 17th Ave. SW in Calgary. This two-story building, established in 1978 and located in a mixed-use commercial zone, has been a key player in serving the lively communities of Killarney and Glengarry. It proves to be an ideal addition to your investment portfolio, providing both steady rental revenue and promising future development potential.The building boasts a size of 7,980 sq.ft., sits on a 10,365 sq.ft. land, and is zoned MU-1f4.sh23. Currently, there are two long-term local business tenants in place—one occupying a 1,120 sq.ft. bay on the main level, and the entire second floor (approximately 4,300 sq.ft.), which has been the home of a martial arts studio for many years, is also available. This freestanding property is a prime investment opportunity for an owner seeking rental revenue and future development potential, spanning over 46,000 sq.ft. with a 23-meter-high commercial building. (id:39198)
Location
Province
Alberta
City
Calgary
Address
2711 17 Avenue Sw
Postal Code
T3E0A6
Location Highlights
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Listed by
CIR Realty 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
7,980
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
$2,400,000
Asking Price
$2,400,000
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.
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)
7,980
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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