Business For Sale · Hospitality

83 MAIN STREET, Lashburn

83 MAIN STREET, Lashburn, SK S0M1H0

$649,000 total

7,304 SF

Asset Class

Hospitality

Size

7,304 SF

Building class

A

Zoning

CB2 — Central Business

$ / SF

$89

Occupancy

93%

Year Built

1903

About this property

Turnkey Business Opportunity – Motel, Bar, Cannabis & Restaurant with Additional Revenue Streams! An incredible chance to own a well-established hospitality business in the heart of Lashburn! Located just 20 minutes east of Lloydminster on the Yellowhead Highway, this property offers multiple income streams, making it a fantastic investment for an ambitious owner-operator. Property Highlights: Motel: Six modernized rooms, each featuring a four-piece bath, TV, fridge, table, and microwave. [Included Living Quarters] Bar & Lounge: Known for its welcoming atmosphere, the bar is licensed for 100 guests and features 8 VLTs, an ATM, a pool table, and large-screen TVs. Restaurant: The seller has successfully operated a Chinese restaurant on-site, which has gained an excellent reputation among bar patrons and the local community. Cannabis Retail Business: A newly established cannabis business adds another strong revenue stream with good cash flow. Renovations & Upgrades: The current owner has made extensive improvements since acquiring the property in 2021, including structural upgrades, new high-efficiency furnaces, and enhanced kitchen facilities. Living Quarters: Fully equipped with a kitchen, living room, two bedrooms, and a separate laundry area. This property sits on six lots, providing ample parking and space for potential future expansion. With multiple revenue streams, a loyal customer base, and a prime location in a thriving community, this is a true turnkey business opportunity ready for its next owner! Contact us today for more details or to arrange a private viewing! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$649K
Down payment30% · $195K
Interest rate6.25%
Amortization25 years
Occupancy93%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$47K

Annual cash flow

$11K

Cash-on-cash

5.78%

DSCR

1.31

Going-in cap

7.28%

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 Design2,881 SF2029-02
Blue Harbour Design3,889 SF2029-02

Area demographics

Trade area within 3 miles of the property.

Population

72,554

Households

31,961

Median income

$80,500

Median age

43.5

Daytime population

87,993

5-yr growth

0.9%

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

Secure deal room

Confidential diligence documents for 83 MAIN STREET, Lashburn.

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.