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$2.0M per sq ft / yr
—
Asset Class
Specialty
Size
—
Building class
C
Zoning
US — Urban Services
$ / SF
—
Occupancy
87%
Year Built
1920
Lot Size
0.15 ac
Rare opportunity to acquire the historic CN Station Building -- a fully equipped, turnkey restaurant building in the heart of downtown Kamloops. Built in 1920, this 11,700 sq ft heritage landmark sits on a 6,661 sq ft lot in Station Plaza, steps from Sandman Centre arena, downtown hotels, offices, and a growing base of condo residents. Currently operating as a leased restaurant, with vacant possession on closing. Features include a stunning spiral staircase connecting two floors, a fully functioning elevator with access to all floors, a sunken wraparound bar, fireplaces on both levels, a dedicated private dining room, and seating for 300 including patio. Fully equipped commercial kitchen included, and a separate prep kitchen. The building also features a dedicated dining room for business meetings or smaller parties. Food Primary liquor licence is transferable. Zoned CBD (Central Business District), permitting restaurant, pub, nightclub, entertainment, and office use as-of-right, offering flexibility well beyond food service. Ample public and street parking surrounds the property, and there are several existing and new construction apartment buildings well within walking distance. A genuine second-generation opportunity that eliminates the cost and delay of a ground-up build, inside one of Kamloops' most distinctive and recognizable buildings. Offered at $1,999,000. Also available for lease for the right tenant. Inquire with listing agent. (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$9K
Projected NOI
$96K
Annual cash flow
$-14K
Cash-on-cash
-2.40%
DSCR
0.87
Going-in cap
4.82%
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.
Trade area within 3 miles of the property.
Population
65,516
Households
30,442
Median income
$133,500
Median age
38.6
Daytime population
64,693
5-yr growth
8%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 500 LORNE Street, Kamloops.
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.