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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$899,000
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
Great space at a great price!! Prime Gastown! Locate your business here with vacant possession possible July 1 or keep the existing business(established hair salon) who would like to stay. Bright and airy with 18 ft ceilings, A/C, fir floors and lots of character with exposed beams and wood ceilings, Can be used as a live/work or retail. Great concrete and brick building refurbished in 2007. Comes with 1 secure underground parking spot! Prominent storefront along Cordova next door to long term popular barber shop. Air BnB allowed! Easy to show! Act fast on this great investment in the heart of Downtown Vancouver! (id:39198)
Location
Province
British Columbia
City
Vancouver
Address
73-73 E Cordova Street
Postal Code
V6A1K3
Location Highlights
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Listed by
Real Broker 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
1,058
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
$899,000
Asking Price
$899,000
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)
1,058
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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