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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$899,900
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.
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Lot Size
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Building Size
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Premise Summary
Such a unique property with so many options for a new buyer. High visibility building and huge lot in Radium Hot Springs with COMMERCIAL and RESIDENTIAL space in one building...you can do air B&B, motel, hotel, rentals, apartments...this may be the unique opportunity you have been waiting for! C-1 zoning allows for so many permitted uses...all you need is the idea and the passion to get make this great space your own. The main level is 5000 SQFT and has 2 great spaces. The front of house is currently a restaurant with plenty of indoor table space, a well-supplied kitchen plus an outdoor patio that is perfect for dinner or lunch with friends and family in the sun. The back space is a huge banquet and bar area with full mountain views that is ideal for hosting conferences, weddings, large functions, team events or for future retail, cafe, neighborhood pub or office. The walkout lower level is residential space with a separate entrance, kitchen with dining area, 4 bedrooms and 2 full baths, including the primary bedroom with full ensuite, a large living room plus family room! The new owner/operator could live down and run their businesses up, have their business and rent the lower area or even have the lower level space for staff accommodation...what a luxury that would be! Please note only land and building are for sale, not the current restaurant business. (id:39198)
Location
Province
British Columbia
City
Radium Hot Springs
Address
4935 Highway 93
Postal Code
V0A1M0
Location Highlights
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Listed by
RE/MAX Invermere 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
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
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
$899,900
Asking Price
$899,900
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.
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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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