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Retail Property For Sale at 3788 W AUSTIN ROAD in Prince George, British Columbia

4 Sale ID #147475
Updated 02 May 2024

Asking Price

$2,400,000

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

N/A

Building Size

N/A

Premise Summary

Approximately 6100 sqft full service restaurant located on serviced 1.48 acres. 2 paved open parking areas. Northern portion of the lot (approximately 40% of total lot size) is currently undeveloped. C6 Highway Commercial zoning allows for multiple uses. Site regulations: Minimum subdivision requirement is 15m width and 500m2 lot area. Potential for subdivision should be verified with the City of Prince George . Maximum site coverage for this zoning is 50%. Building is in excellent shape and is currently occupied by The Northern Palace Restaurant. Business is listed separately with MLS#C8053698. Building, business and land can be sold together or separately. NDA required. * PREC - Personal Real Estate Corporation (id:39198)

  • MLS® : #C8053699
  • Date Listed : 17 Aug 2023

Location

Province

British Columbia

City

Prince George

Address

3788 W Austin Road

Postal Code

V2K2H6

Location Highlights

N/A

Listed by

RE/MAX Core Realty British Columbia listing

Category

retail-properties

Property Information

Premise Status

N/A

With Accommodation

N/A

Tenancy

N/A

Lot Size

N/A

Available Space

N/A

Building Size

6,040

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 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

$2,400,000

Asking Price

$2,400,000

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.

N/A

Gross Revenue- annual

N/A

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)

N/A

EBITDA help Earnings Before Interest, Taxes, Depreciation, Amortization.

N/A

Premises Size (square feet)

6,040

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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