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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,199,000
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
Welcome to a rare and exciting opportunity to own an exceptional commercial property in downtown Castlegar! With all the amenities you need for your business venture and the potential for residential redevelopment, this property is truly a gem. Featuring 7500 square feet of space on the upper two floors, with an additional full basement for storage or further development, this property has everything you need to get started. The 600amp 3 phase power, 6" water main, and fire suppression system make it easy to set up your business, while the full commercial kitchen is perfect for food service businesses or a great brewery setup. Located on a prime corner lot with excellent exposure to Columbia avenue traffic, this property is ideally situated for maximum visibility and easy access. Looking to invest in the booming residential market? The potential for redevelopment into residential condos is also an exciting opportunity to consider, with the potential for stunning views and all the conveniences of downtown living. On the rear of the building, you'll find a 2-bedroom residential suite that's perfect for live-work arrangements or as an additional income source. With a separate entrance, this suite provides plenty of privacy and comfort for you or your tenants. Don't miss out on this incredible opportunity to own a versatile and highly desirable commercial property in downtown Castlegar. Contact today for your private viewing. (id:39198)
Location
Province
British Columbia
City
North Castlegar
Address
292 Columbia Avenue
Postal Code
V1N1G4
Location Highlights
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Listed by
eXp Realty 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
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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
$1,199,000
Asking Price
$1,199,000
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)
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
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