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For Sale · Hospitality

235 Main STREET, Riverhurst

235 Main STREET, Riverhurst, SK S0H3P0

$890,000 total

9,000 SF

Asset Class

Hospitality

Size

9,000 SF

Building class

B

Zoning

CHY — Highway Corridor

$ / SF

$99

Occupancy

93%

Year Built

1915

Lot Size

0.54 ac

About this property

Riverside Inn Bar & Restaurant Located on Main Street across from Kitely Park, near Lake Diefenbaker and Palliser Regional Park. Hwy 42 120 Km’s northwest of Moosejaw and Swift Current. There are 16 modern rooms including single queen beds and family-style options. Dining & Bar: On-site bar, outdoor patio, fast food, and pizza with dine-in, takeout, or delivery, the Resturant has not been operating for a short time and can be opened immediately. VLTs, an on-site ATM, and an attached liquor vendor two-storey commercial building Second Floor: 16 fully modernized hotel guest rooms (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$890K
Down payment30% · $267K
Interest rate6.25%
Amortization25 years
Occupancy93%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$56K

Annual cash flow

$7K

Cash-on-cash

2.50%

DSCR

1.14

Going-in cap

6.29%

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
Lakeview Physiotherapy2,854 SF2027-12
Lakeview Physiotherapy1,876 SF2034-12
Lakeview Physiotherapy1,236 SF2034-12
Lakeview Physiotherapy2,440 SF2034-12

Area demographics

Trade area within 3 miles of the property.

Population

82,191

Households

31,081

Median income

$137,000

Median age

36.6

Daytime population

123,787

5-yr growth

6.2%

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

Secure deal room

Confidential diligence documents for 235 Main STREET, Riverhurst.

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.