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Shopping Center 12,600 sq.ft, with 6 tenants in it: Licensed restaurant and lounge, liquor store, post office, auto part retail shop, grocery store. Located in Carseland AB. 35 minutes from Calgary. You can buy and opera
The Fully Occupied Plaza By 11 Commercial Tenants Located At Yonge/Oxford With 4.24 Acres Of Irregularly Shaped Corner Land. It Is Largely Flat, Level And At Grade With Its Adjoining Properties. It Has A Frontage Of 287.
Plaza For Sale - 1.1 Acre Plaza with 10,750 Sqft. Wonderful Site for Re-development. Current tenant income roughly $210,000 a year net (id:39198)
Amazing opportunity to own this turn key building, with the entire plaza building and the land in the center of the City of Cold Lake. This plaza consists of 3 separate commercial spaces including a freshly renovated BRA
Prime investment alert! Own your own complex in Chilliwack Downtown. This property sits on 8505sqft rectangular lot and offers a prime location with a convenience store, laundromat, carwash, and dogwash. With CS1 zoning
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A commercial plaza is a single building or a group of several buildings with at least six tenancies. These tenancies are specially designed for office use or commercial retail. A commercial plaza doesn't include restaurants, hotels, and other hospitality properties, although you can often find them nearby.
Commercial plazas have become the most prevalent commercial space investment trend among Canadian investors for numerous reasons - we'll discuss that later. We'll now focus on the two possibilities entrepreneurs interested in commercial real estate brokerage have.
On the one hand, investors can decide to build their commercial properties. There are countless commercial property types, but commercial plazas are undoubtedly some of the most complex property types to build from scratch.
That's mainly because building a commercial plaza from the ground up requires enormous investments. These business solutions are expensive to make because they often imply location in the biggest cities, luxurious design, and ridiculously high property taxes.
That said, investing in a commercial estate for sale is much simpler. According to the Canadian real estate news, commercial plazas are the biggest hit in the real estate investment banking industry, thanks to the high demand for office space.
Therefore, purchasing an existing commercial plaza might be a better decision, especially if you're looking to work on your ROI immediately after investing in a property.
• High ROI rate
Investing in residential properties comes with an average annual return rate of 3% to 5%. Although that isn't bad, commercial properties have a significantly higher ROI rate.
Namely, investing in commercial plazas equips you with a 9% to 12% gross annual return rate. Having that in mind, it's significantly easier to return your investment funds even if your plaza has a drop in revenue.
• Reliable leases
Residential tenancies are short-term, most lasting 6 to 12 months. On the other hand, commercial plazas usually have tenancy leases from 3 to 10 years. That means commercial tenants stay longer on their premises, primarily because they often invest their money into customizing their offices and retail space.
• Smaller deposits
When looking at deposits, commercial plazas require smaller deposits than some residential properties on the real estate market. You can quickly lease space with lower deposits without worrying about substantial property investments.
• No additional expenses
Finally, residential property owners are responsible for all property taxes, utility bills, and other expenses. Commercial plaza owners don't have to worry about these expenses, as all commercial real estate occupiers are responsible for paying their part of the expenses, as stated in the real estate lease.
Finding the perfect commercial plaza to invest in is difficult when you don't know where to look for the available commercial plazas for sale in Canada. Luckily, that is where FindBusinesses4Sale comes in handy.
FindBusinesses4Sale offers you a wide selection of commercial plazas across entire Canada. Your investment choices are endless, from single-building, modest plazas to top-class plaza complexes.
All you have to do is search for the commercial plazas and start browsing. All businesses on our site are reliable and well-established, so you have nothing to worry about and will find your perfect match in no time.
Once you find a property you're ready to invest in, don't hesitate to contact us! We'll do everything to make the purchasing process as simple as possible and ensure you're satisfied with your newest investment.
The timeframe for buying a commercial plaza in Canada depends on different aspects, including seller availability, negotiation period, business research, legal documentation, drafting the purchase agreement, overall complexity, business structure, etc.
As a buyer, you should research and approach the matter diligently. Pay attention to issues and take steps no matter what business you want to buy. The process could take 3–4 weeks and up to a few months, depending on the factors above.
You can generally assess the value of a commercial plaza by looking at the most critical factors, including the number of employees, market positioning, market trends, the time the business has been active, revenue, number of customers, etc.
One of the best ways to get an accurate estimate is to look at similar businesses and their prices. On the other hand, you can hire a professional business broker who can evaluate the commercial plaza professionally using a market valuation, P&L valuation, asset valuation, and revenue valuation.
Canada offers several financing options if you can’t fund the purchase. The local and federal governments provide various programs, grants, and loans to aspiring small business owners. You can also get loans from banks, private investors and lenders, and private organizations like investment funds.
However, to get the best business loan, you must use your assets as collateral to get favourable terms to sustain your business and get the revenue necessary to repay your loan. If you've never taken out loans, we recommend consulting a financial advisor to review your financial situation and help you find favourable financing options.
Discovering the best deals on Commercial Plazas in Canada requires thorough research. Take into account factors such as location, size, amenities, and future growth potential. Explore the three most popular offers:
Commercial Plaza at 1 Main Street , Commercial Plaza at 10620 YONGE STREET and Commercial Plaza at 51 MCMURCHY AVENUE S .
The average price of Commercial Plazas in Canada is influenced by various factors. On average, prices range from $11,849,599. However, conducting a comprehensive market analysis is essential to grasp specific pricing trends in your desired area.
Find comprehensive information about Commercial Plazas in Canada on Find Businesses 4 Sale! Explore our catalog of offers, and if you have any questions, feel free to contact us; we're here to help! Meanwhile, consider checking out the three newest listings:
Commercial Plaza at 1 Main Street , Commercial Plaza at 10620 YONGE STREET and Commercial Plaza at 51 MCMURCHY AVENUE S . .
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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.
