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Retail Property For Sale at 4958 BURNS AVENUE in Canal Flats, British Columbia

4 Sale ID #142972
Updated 05 May 2024

Asking Price

$595,000

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

1800 sq. ft. shop along with over 1/2 an acre of prime commercial. Zoned C-1 "Downtown Mixed Use" which allows a broad number of uses for commercial and or residential. These include but are not limited to; Business and Professional Office, Daycare Centre, Dwelling single & multi, Financial Institution, Food and Beverage Service - Food or Liquor Primary, Government Office, Hardware Store, Health and Medical Service, Mixed Use Development, Retail Liquor Sales Establishment, Retail Store, Tourist Accommodation, Tourist Services. Small building on north west side of property will be moved and is not included in the sale price. (id:39198)

  • MLS® : #2472188
  • Date Listed : 14 Jul 2023

Location

Province

British Columbia

City

Canal Flats

Address

4958 Burns Avenue

Postal Code

V0B1B0

Location Highlights

N/A

Listed by

Royal LePage Rockies West 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

1,800

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

$595,000

Asking Price

$595,000

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)

1,800

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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