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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$455,000
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
EXCELLENT INVESTMENT OPPORTUNITY! RENOVATED 3600 SF DOWNTOWN BUILDING PRICED WELL B-E-L-O-W APPRAISED VALUE of $480,000! This is the ideal opportunity to own &/or own & occupy a part of Downtown with LOWER expenses, as this updated property has TWO new leases in place. The upper unit is yours to occupy, lease out or renovate adding even more additional rental revenue. This well maintained, beautifully renovated, air-conditioned building has had numerous upgrades, is ideally located in the heart of Downtown & is complete with 4 paved parking spaces at the rear. Priced well BELOW appraised value, this is your opportunity to add to your investment portfolio or enter into commercial real estate ownership at an affordable price. Recent appraisal & property inspection on file. This is a rare opportunity so book your viewing today with your favorite REALTOR! (id:39198)
Location
Province
Alberta
City
Grande Prairie
Address
9931 100 Avenue
Postal Code
T8V0V1
Location Highlights
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Listed by
eXp Realty Alberta 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
3,600
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
$455,000
Asking Price
$455,000
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)
3,600
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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Frustrated by the timely process of searching for businesses and commercial properties on the market, the founders at Businesses 4 Sale created a platform to transform the business/commercial property buying and selling experience. The database compiles the most relevant information from multiple industry sources, making it easy for future business/commercial property owners and sellers to find exactly what they are looking for.
