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Retail Property For Sale at 3413 3rd Ave in Port Alberni, British Columbia

4 Sale ID #177977
Updated 02 May 2024

Asking Price

$799,900

Cap Rate help 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

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Building Size

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Premise Summary

Large Commercial building located on main corner of high traffic area. Could be 4 separate units with their own storefronts and loading docks. There are 3 large loft areas also. Plenty of parking surrounding the building. C3 Commercial zoning has a widespread amount of different uses such as service, office and retail uses. C3 Commercial Zoning allows for retail, wholesale, woodworking, warehouse, building supply, amusement establishment, shop, medical or veteranary offices, dwellings and may more. Recent new roof and 800 AMP electrical. 14,656 sq. ft. concrete block commercial building has had several addresses in the past and could easily be 4 storefront units with loading doors. A great business opportunity. (id:39198)

  • MLS® : #947734
  • Date Listed : 04 Nov 2023

Location

Province

British Columbia

City

Port Alberni

Address

3413 3rd Ave

Postal Code

V9Y3G7

Location Highlights

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Listed by

RE/MAX Mid-Island Realty British Columbia listing

Category

retail-properties

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

0

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 help Furniture, Fixtures & Equipment that remain with the business.

Not Included

Inventory Value - approximate help Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.

Not Included

Franchise

N/A

Financial Information

Yearly Rate

$799,900

Asking Price

$799,900

Cap Rate help 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 help 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 help 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 help Earnings Before Interest, Taxes, Depreciation, Amortization.

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Premises Size (square feet)

0

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


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