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Business For Sale · Industrial

1301 Wallace STREET, Regina

1301 Wallace STREET, Regina, SK S4N3Z5

$650,000 total

2,400 SF

Asset Class

Industrial

Size

2,400 SF

Building class

B

Zoning

IL — Light Industrial

$ / SF

$271

Occupancy

85%

Year Built

2001

Lot Size

0.15 ac

Clear height

31 ft

Loading docks

4

About this property

VERSATILE COMMERCIAL OPPORTUNITY IN REGINA'S EASTVIEW INDUSTRIAL AREA! Looking for the perfect space to operate your business with added convenience of living on-site? This unique property offers the best of both worlds! Located in Regina's established Eastview neighbourhood, this approx. 2,400 sqft. commercial shop features fenced yard, impressive ceiling height, & spacious upper-level living area, making it an excellent opportunity for business owners, entrepreneurs, or investors. The main flr offers a functional shop/garage space with 18-ft ceilings and a 12' x 14' overhead garage door at the back of the building, providing convenient access for vehicles, equipment, & materials. The fenced yard offers additional space for parking, equipment, or outdoor storage. Upstairs, you'll find approx. 1,155 sq. ft. of living space featuring an exceptionally spacious living rm, kitchen, one bedrm, a bathrm complete with shower, & a separate utility rm with laundry facilities. This upper-level space offers convenience of living just steps away from your business or potential flexibility for other permitted uses. THE POSSIBILITIES ARE ENDLESS! This property could be an excellent fit for an automotive mechanic or repair shop, auto detailing business, welding or fabrication operation, contractor's headquarters, plumbing or electrical company, HVAC business, landscaping or property maintenance company, woodworking shop, or a tradesperson requiring workshop/storage space. It may also appeal to small business owners looking for a combination of shop, storage, & admin. space. Whether you're an entrepreneur looking to eliminate the daily commute, a tradesperson needing room to grow, or an investor exploring a unique commercial opportunity, this property offers versatility & potential. WORK DOWNSTAIRS. LIVE UPSTAIRS. BUILD YOUR BUSINESS ALL IN ONE PLACE! (All business operations, residential occupancy, & potential uses are subject to applicable zoning, permits, & municipal approvals). (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$650K
Down payment30% · $195K
Interest rate6.25%
Amortization25 years
Occupancy85%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$36K

Annual cash flow

$-369

Cash-on-cash

-0.19%

DSCR

0.99

Going-in cap

5.48%

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 Supply875 SF2029-09
Summit Trades Supply1,163 SF2029-09

Area demographics

Trade area within 3 miles of the property.

Population

67,216

Households

27,571

Median income

$74,000

Median age

42.7

Daytime population

113,979

5-yr growth

0.8%

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

Secure deal room

Confidential diligence documents for 1301 Wallace STREET, Regina.

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.