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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$419,000
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
Downtown Commercial Building with Ample Lot Space! Welcome to this exceptional opportunity to own a prominent commercial building situated in the heart of downtown. This versatile property offers a perfect blend of a spacious commercial building and a ample lot space in the rear, making it an ideal investment for a wide range of businesses and ventures. Property Features: -3136 square feet lot -C2 Zoning -Conveniently located in the downtown area, with high foot traffic and excellent visibility Building Features: - The property boasts a generous lot space in the back, perfect for parking, outdoor expansion, or potential future updates -Patio and sidewalk access at the front of the building leased from the Town of Princeton -Walking distance to Bridge Street and accommodations downtown -Full basement with storage shelving and separate access - Commercial kitchen Potential Uses: - Retail Store - Restaurant or Café - Event Venue and much more This property presents an incredible opportunity for investors and entrepreneurs looking to establish or expand their presence in a bustling downtown setting. With its strategic location, versatile layout, and ample lot space, the possibilities for this property are endless. For more information and to schedule a viewing contact the listing agents! (id:39198)
Location
Province
British Columbia
City
Princeton
Address
279 Bridge Street
Postal Code
V0X1W0
Location Highlights
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Listed by
Canada Flex Realty Group Ltd. British Columbia listing
Category
Property Information
Premise Status
Includes REAL ESTATE
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
1,566
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
$419,000
Asking Price
$419,000
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.
N/A
Premises Size (square feet)
1,566
Other Information
Owner willing to Finance
No
Absentee Owner
No
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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