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Business For Sale · Hospitality

300 Albert STREET, Radisson

300 Albert STREET, Radisson, SK S0K3L0

$129,900 total

4,800 SF

Asset Class

Hospitality

Size

4,800 SF

Building class

A

Zoning

CB2 — Central Business

$ / SF

$27

Occupancy

95%

Year Built

1907

Lot Size

0.35 ac

About this property

An excellent investment opportunity! This property is ideally located in the vibrant town of Radisson, just off the Yellowhead Highway and just a 50-minute drive from Saskatoon. This is a mature, turnkey business with a stable customer base and multiple revenue streams, including a bar, catering, seven rentable rooms, three VLTs, a pool table, a jukebox, an ATM, and a valuable off-sale liquor license. This three-story building boasts 4,800 square feet of space, providing ample space for your business. Owners will also enjoy a spacious 890-square-foot living area with a full kitchen, bathroom, and two bedrooms. Recent upgrades include a newer walk-in cooler compressor and water heater. There's also a private, fenced-in patio. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$130K
Down payment30% · $39K
Interest rate6.25%
Amortization25 years
Occupancy95%
Expense growth2.5%

Monthly debt service

$600

Projected NOI

$9K

Annual cash flow

$2K

Cash-on-cash

5.22%

DSCR

1.28

Going-in cap

7.11%

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
Summit Trades Supply2,566 SF2033-05
Summit Trades Supply1,985 SF2033-05

Area demographics

Trade area within 3 miles of the property.

Population

41,597

Households

14,494

Median income

$77,000

Median age

42.5

Daytime population

70,115

5-yr growth

4.8%

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

Secure deal room

Confidential diligence documents for 300 Albert STREET, Radisson.

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.