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For Sale · Hospitality

1401 2nd STREET, Estevan

1401 2nd STREET, Estevan, SK S4A0M5

$380,000 total

6,551 SF

Asset Class

Hospitality

Size

6,551 SF

Building class

A

Zoning

CB2 — Central Business

$ / SF

$58

Occupancy

84%

Year Built

1958

About this property

Prime Investment Opportunity! Located in a great area, this property has 32 well-maintained rooms with strong long-term occupancy rates in both single and double occupancy options. Recent flooring updates, ample parking for guests including trucks, stable cash flow and financials available to qualified buyers. This is a turnkey investment ready for immediate income. Call today to book your private showing! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$380K
Down payment30% · $114K
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$21K

Annual cash flow

$-342

Cash-on-cash

-0.30%

DSCR

0.98

Going-in cap

5.45%

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
Blue Harbour Design2,627 SF2028-07
Blue Harbour Design2,902 SF2028-07

Area demographics

Trade area within 3 miles of the property.

Population

88,692

Households

31,182

Median income

$83,500

Median age

39.3

Daytime population

142,215

5-yr growth

2.8%

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

Secure deal room

Confidential diligence documents for 1401 2nd STREET, Estevan.

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.