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$1.4M total
—
Asset Class
Hospitality
Size
—
Building class
A
Zoning
CB2 — Central Business
$ / SF
—
Occupancy
89%
Lot Size
1.1 ac
Welcome to South Mabel Marina! The only Marina and destination spot on the entire South end of Mable Lake, one of BC' deepest and most popular fishing lakes. The property consists of a 1.10-acre parcel of R-6 zoned waterfront land that comes improved with a cabin, covered trailer and a 22-boat slip Marina with gas pump, general store, bar w/ seating area, BBQ & additional residential unit. Several lakeview building sites on the waterfront acreage. The store carries an inventory that includes fish tackle, bread, milk, eggs, ice cream, fishing rods and camping supplies. Fishing charters also available. This is the only retail outfit on the South end of the lake. Located right next door to Mabel Lake Provincial Park, 100+ site campground & public boat launch which provides a never-ending stream of customers in summer along with the Mabel Lake Resort on the North end of the lake. Great opportunity to scale the business operations. Comes with several 2-stroke engine boats, canoes, paddle boats & much more. A full equipment list is available to potential buyers. (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$6K
Projected NOI
$77K
Annual cash flow
$171
Cash-on-cash
0.04%
DSCR
1.00
Going-in cap
5.55%
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.
Trade area within 3 miles of the property.
Population
130,053
Households
57,792
Median income
$129,500
Median age
35.5
Daytime population
161,491
5-yr growth
2.6%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 3614 Lumby Mabel Lake Road, Lumby.
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.