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Specialty Purpose Property For Sale at 114 Steele STREET in Cut Knife, Saskatchewan

updated New
4 Sale ID #221554
Updated 02 May 2024

Asking Price

$155,000

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

Nestled in the heart of Cut Knife, Saskatchewan, just 50 km from Battleford along Highway 40, this commercial real estate offering is an exceptional find. The property features a spacious 2,406 square foot hall that has been meticulously renovated, blending upscale enhancements with timeless charm. The centerpiece is a large, commercial-grade kitchen equipped with three stoves, three microwaves, a cooler, and multiple sinks, making it an ideal setup for catering and events. In addition to the functional kitchen, the hall has two bathrooms, ensuring convenience for guests and staff alike. The interior is designed to impress, with a centrally located stage making it perfect for presentations, performances, or as a focal point for gatherings. Adding to the appeal are the luxurious chandeliers that lend an air of sophistication to the space. The inclusion of tables and chairs with the property means it is ready to host events right from the start. Having undergone comprehensive renovations, this property combines modern features with a welcoming atmosphere, making it an ideal meeting place for groups or associations looking for a venue that is both functional and enchanting. Whether it's for corporate events, social gatherings, or community meetings, this venue in Cut Knife is a standout choice that promises to leave a lasting impression. Call to Take a look at it. (id:39198)

  • MLS® : #SK964929
  • Date Listed : 02 Apr 2024

Location

Province

Saskatchewan

City

Cut Knife

Address

114 Steele Street

Postal Code

S0M0N0

Location Highlights

N/A

Listed by

Century 21 Prairie Elite Saskatchewan listing

Category

specialty-purpose-properties

Property Information

Premise Status

Includes REAL ESTATE

With Accommodation

N/A

Tenancy

N/A

Lot Size

N/A

Available Space

N/A

Building Size

2,352

Year Built

N/A

Years Remaining in Current Lease Term

N/A

Renewal Options

N/A

Operational Information

Number of Working Owners

N/A

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

$155,000

Asking Price

$155,000

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)

2,352

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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