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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$365,000
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
AFFORDABLE COMMERCIAL INVESTMENT - PRIME CORNER LOT with freestanding commercial kitchen. BUSINESS IS NOT FOR SALE. Lease in place with a successful tenant in the food production, sales and catering industry. With rental income to cover your mortgage, this represents an excellent opportunity to secure a prime corner lot in Townsite. This area is going to boom eventually! Gently sloping, corner lot with excellent visual exposure at the south-west corner of Marine and Ash Avenues. Zoning is C1 - General Commercial which allows a variety of commercial uses, including ancillary residential, should a future owner wish to expand and develop a two-storey building on the site. Post, beam and glass canopy over deck was added in 2021. Please DO NOT CONTACT TENANT. Call the listing agent for more info and to arrange a site visit. (id:39198)
Location
Province
British Columbia
City
Powell River
Address
5830 Ash Ave
Postal Code
V8A4R4
Location Highlights
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Listed by
ROYAL LEPAGE POWELL RIVER British Columbia listing
Category
Property Information
Premise Status
Includes REAL ESTATE
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
672
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
N/A
Financial Information
Yearly Rate
$365,000
Asking Price
$365,000
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)
672
Other Information
Owner willing to Finance
No
Absentee Owner
No
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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