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Retail Property For Sale at 712 NELSON AVENUE in Nelson, British Columbia

4 Sale ID #142417
Updated 23 May 2024

Asking Price

$1,850,000

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.

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Lot Size

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Building Size

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Premise Summary

This fantastic commercial building is over 4000 sqft with an additional 400 sqft covered patio. Currently being run as a very successful restaurant with seating for 162 including the patio. Exceptional location on 6 city lots with frontage on Nelson Avenue (main highway through town). Restaurant equipment is included in this sale. Easy access, flat site, paved roads, and lots of parking. (id:39198)

  • MLS® : #2472075
  • Date Listed : 10 Jul 2023

Location

Province

British Columbia

City

Nelson

Address

712 Nelson Avenue

Postal Code

V1L2N7

Location Highlights

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Listed by

Coldwell Banker Rosling Real Estate (NELSON) 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

$1,850,000

Asking Price

$1,850,000

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.

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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

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Absentee Owner

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Support and Training

Not Included

Growth and Expansion

N/A

Market Competition

N/A


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