Business For Sale · Specialty

612 Ranson AVENUE W, Melfort

612 Ranson AVENUE W, Melfort, SK S0E1A0

$400,000 total

1,994 SF

Asset Class

Specialty

Size

1,994 SF

Building class

A

Zoning

US — Urban Services

$ / SF

$201

Occupancy

90%

Year Built

1997

Lot Size

0.27 ac

About this property

If you are looking for a unique business opportunity or a chance to step into an established entertainment business, 612 Ranson Ave W in Melfort, SK is worth a look! This property offers the opportunity to own a fully renovated commercial space featuring three golf simulator bays and everything needed to provide an enjoyable indoor golfing experience year-round, regardless of what the Saskatchewan weather has in store. Originally built in 1997, this 32 ft. x 60 ft. building, complete with an 8 ft. x 8 ft. addition at the front, offers approximately 2,000 sq. ft. of space and underwent a full renovation in 2021 to accommodate its current use. The interior is set up for entertaining and features three golf simulator bays, a bar area with an on-table liquor licence, a fully stocked beverage selection and two washrooms. The welcoming atmosphere makes it a great place for customers to gather, socialize and enjoy a round of golf with friends. Additional building features include R20 insulated walls, an R40 insulated ceiling, metal-clad interior walls, a 500-gallon water storage tank with pressure system and an 1,100-gallon septic tank. Outside, the property sits on a large lot that has been levelled, packed and graveled, providing convenient access and plenty of additional outdoor space. Whether you are looking to continue operating as an established golf simulator business, expand your existing business ventures or explore a new commercial opportunity, this property offers plenty of potential and a unique opportunity to own a business in the community of Melfort! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$400K
Down payment30% · $120K
Interest rate6.25%
Amortization25 years
Occupancy90%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$24K

Annual cash flow

$2K

Cash-on-cash

1.82%

DSCR

1.10

Going-in cap

6.09%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Rent roll (estimated)

TenantAreaExpiry
Cascade Foods Inc.1,023 SF2027-05
Cascade Foods Inc.439 SF2027-06
Cascade Foods Inc.400 SF2027-06
Cascade Foods Inc.400 SF2027-06

Area demographics

Trade area within 3 miles of the property.

Population

39,919

Households

16,904

Median income

$117,000

Median age

33.9

Daytime population

49,640

5-yr growth

5.5%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 612 Ranson AVENUE W, Melfort.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.