Rotate your device back to portrait Mode!
Rotate your device back to portrait Mode!
BROKERS Register for FREE
BrokerStudio
Suite of tools & services
Benefits
Asking Price
$649,900
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
Lot Size
N/A
Building Size
N/A
Premise Summary
The SUB DIVISION IS COMPLETE!!! Here's a GREAT OPPORTUNITY to own a NEW Investment Property, or a NEW 60' x 40' x 14' High Metal Building/SHOP, or a Great Business Location on a recently SUBDIVIDED 8.41 Acres of Land located with Great Highway exposure on the North Side of Claresholm. Newly Constructed Shop with 2 12' x 12' Overhead Doors, Office, 2 pc Bathroom, 330 Gallon Water Cistern, and 850 Gallon Septic Tank, which all equates to a very INEXPENSIVE Operating costs. 200 AMP Electrical Service, Seller would Lease Long Term for the right situation. Properties this clean don't come up often, and this could be EXACTLY what you are looking for!!! Attached is the unregistered subdivision plan as a reference. The last remaining item was finalized the subdivision is a right-of-way agreement with Fortis. In accordance to the Generic Development Agreement that is required by the Town of Claresholm, at any time if developing this property; this form will need to be signed by buyer. Existing business tenants willing to stay and rent from new ownership. Yes the Fortis right of way agreement has been completed and the subdivision is complete. Sellers would be interested in leasing the building and lot back from any future buyer for up to 5 yrs. The only town bill we receive is for garbage pick up which is optional. (id:39198)
Location
Province
Alberta
City
Claresholm
Address
280 59 Avenue E
Postal Code
T0L0T0
Location Highlights
N/A
Listed by
RE/MAX House of Real Estate Alberta listing
Category
Property Information
Premise Status
N/A
With Accommodation
N/A
Tenancy
N/A
Lot Size
N/A
Available Space
N/A
Building Size
2,749
Year Built
N/A
Years Remaining in Current Lease Term
N/A
Renewal Options
N/A
Operational Information
Number of Working Owners
N/A
Current Owner - years
N/A
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
$649,900
Asking Price
$649,900
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.
N/A
Gross Revenue- annual
N/A
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)
N/A
EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
N/A
Premises Size (square feet)
2,749
Other Information
Owner willing to Finance
N/A
Absentee Owner
N/A
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
Save this Listing
Why this Marketplace was Created
Frustrated by the timely process of searching for businesses and commercial properties on the market, the founders at Businesses 4 Sale created a platform to transform the business/commercial property buying and selling experience. The database compiles the most relevant information from multiple industry sources, making it easy for future business/commercial property owners and sellers to find exactly what they are looking for.
