4332-4338 LAKELSE AVENUE, Terrace
4332-4338 LAKELSE AVENUE, Terrace, BC V8G1N8
$1.6M total
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Asset Class
Retail
Size
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Building class
A
Zoning
CNC — Neighbourhood Commercial
$ / SF
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Occupancy
85%
Lot Size
2.39 ac
About this property
Turnkey operation available in Terrace BC. The "Backeddy Pub" has long been a staple in Terrace's restaurant culture, while upstairs is the past location of "The Bavarian Inn" a long time fine dining restaurant. Sale includes all equipment plus the lot next door complete with house that could serve as staff quarters. Terrace is a vibrant community that is the service centre for LNGC in Kitimat, Haisla LNG and is central to the Tsimshian Nation, and serves as the service and supply hub for The Nisga nation and Tahltan nations to the North. Terrace is the crossroads for all Northwest development. This well known location is ideal for redeveloping the upstairs into something new! (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$7K
Projected NOI
$89K
Annual cash flow
$3K
Cash-on-cash
0.74%
DSCR
1.04
Going-in cap
5.76%
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.
Area demographics
Trade area within 3 miles of the property.
Population
61,929
Households
28,570
Median income
$121,000
Median age
33.4
Daytime population
75,214
5-yr growth
5%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 4332-4338 LAKELSE AVENUE, Terrace.
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.