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Retail Property For Sale at 768 KINGSWAY STREET in Vancouver, British Columbia

4 Sale ID #213873
Updated 04 May 2024

Asking Price

$1,680,000

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

Total 2042 sq retail space for sale. C2 zoning can be used for restaurant, school, office etc. Seller spent 200k for combine 2 units together, all the structural (steal re bar), drywall, electrical, flooring, ceiling, lighting are redone in 2009 with city permit. Currently used for office, tenant pays $23/sq triple net + $15/sq operational cost. Lease valid till Apr 30, 2024. Excellent opportunity to hold or use it yourself. (id:39198)

  • MLS® : #C8058293
  • Date Listed : 12 Mar 2024

Location

Province

British Columbia

City

Vancouver

Address

768 Kingsway Street

Postal Code

V5V3C1

Location Highlights

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Listed by

Coldwell Banker Prestige Realty British Columbia listing

Category

retail-properties

Property Information

Premise Status

N/A

With Accommodation

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Tenancy

N/A

Lot Size

N/A

Available Space

N/A

Building Size

2,042

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

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

$1,680,000

Asking Price

$1,680,000

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)

2,042

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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