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$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
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)
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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.
| Tenant | Area | Expiry |
|---|---|---|
| Cascade Foods Inc. | 1,023 SF | 2027-05 |
| Cascade Foods Inc. | 439 SF | 2027-06 |
| Cascade Foods Inc. | 400 SF | 2027-06 |
| Cascade Foods Inc. | 400 SF | 2027-06 |
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.
Confidential diligence documents for 612 Ranson AVENUE W, Melfort.
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.