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For Sale · Hospitality

3030 Smith Drive, Armstrong

3030 Smith Drive, Armstrong, BC V4Y0A1

$1.3M total

—

Asset Class

Hospitality

Size

—

Building class

A

Zoning

CHY — Highway Corridor

$ / SF

—

Occupancy

92%

Year Built

1999

Lot Size

0.5 ac

About this property

Opportunity to own an iconic Armstrong property with highway frontage. After suffering a devastating kitchen fire last year, the Anchor Inn building is awaiting the next visionary to transform the pub into another growing concern. Many would love to see a pub again but the building and location lend itself to numerous options. The remediation currently leaves the 5400 sq ft building demised to its studs. The shell is strong and ready to remodel. Contact for more details. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.32M
Down payment30% · $398K
Interest rate6.25%
Amortization25 years
Occupancy92%
Expense growth2.5%

Monthly debt service

$6K

Projected NOI

$83K

Annual cash flow

$10K

Cash-on-cash

2.53%

DSCR

1.14

Going-in cap

6.30%

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

90,601

Households

36,415

Median income

$115,000

Median age

34.3

Daytime population

110,372

5-yr growth

4.2%

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

Secure deal room

Confidential diligence documents for 3030 Smith Drive, Armstrong.

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.