For Sale · Specialty

Fisher Creek Store Lot, Candle Lake

Fisher Creek Store Lot, Candle Lake, SK S0J3E0

$249,900 total

0 SF

Asset Class

Specialty

Size

0 SF

Building class

C

Zoning

DC2 — Site Specific

$ / SF

—

Occupancy

92%

Year Built

1970

Lot Size

0.48 ac

About this property

COMMERCIAL OPPORTUNITY WITH ENDLESS POTENTIAL! Bring your business vision to life with this 1,752 sq. ft. commercial building, offering outstanding flexibility in a highly visible location! The building offers a spacious, vacant shell ready to be customized to suit your needs. Design one, two, or even three separate storefronts, or create a unique layout tailored to your business. The possibilities are extensive, with a generous lot offering additional room for future expansion. Much of the major work has already been completed! The building has been extensively gutted and rebuilt, including a new foundation, concrete slab, weeping tile, flooring, and floor joists. Significant improvements completed in 2018 include a 2,200-gallon water tank, plumbing, and a durable metal roof. Situated on a spacious 0.48-acre lot (168' x 115') with an impressive 168 feet of Highway 205 frontage in Fisher Creek, this property is one of the subdivision's few commercial parcels. Excellent highway visibility, passing traffic, and convenient access to the provincial campground and west-side lake communities create an attractive setting for a variety of potential business ventures. With substantial infrastructure improvements already completed, flexible interior space, room to grow, and an excellent location, this property is ready for its next chapter. Whether your plans involve retail, services, or another commercial venture, bring your ideas and explore the possibilities this unique property has to offer! There are building plans drafted if there is interest. The new garage portion is split so the 30’ section is to be apart of the existing building and the other portion will be for garage use. There is a 2nd story on top to accommodate 5 rental suites which can be applied for a commercial government rebate on new multi home construction. This concept was approved by the village office and highways Saskatchewan for the set backs. Drafted concept is in supplements as well. (id:66811)

Financial sandbox

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Estimate
Purchase price$250K
Down payment30% · $75K
Interest rate6.25%
Amortization25 years
Occupancy92%
Expense growth2.5%

Monthly debt service

$1K

Projected NOI

$16K

Annual cash flow

$2K

Cash-on-cash

3.14%

DSCR

1.17

Going-in cap

6.48%

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.

Area demographics

Trade area within 3 miles of the property.

Population

125,493

Households

46,394

Median income

$125,500

Median age

35.4

Daytime population

167,665

5-yr growth

0.6%

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

Secure deal room

Confidential diligence documents for Fisher Creek Store Lot, Candle Lake.

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.