9917 Main Street, Summerland9917 Main Street, Summerland — photo 29917 Main Street, Summerland — photo 39917 Main Street, Summerland — photo 49917 Main Street, Summerland — photo 59917 Main Street, Summerland — photo 69917 Main Street, Summerland — photo 79917 Main Street, Summerland — photo 89917 Main Street, Summerland — photo 99917 Main Street, Summerland — photo 109917 Main Street, Summerland — photo 119917 Main Street, Summerland — photo 129917 Main Street, Summerland — photo 139917 Main Street, Summerland — photo 149917 Main Street, Summerland — photo 159917 Main Street, Summerland — photo 169917 Main Street, Summerland — photo 179917 Main Street, Summerland — photo 189917 Main Street, Summerland — photo 199917 Main Street, Summerland — photo 209917 Main Street, Summerland — photo 219917 Main Street, Summerland — photo 229917 Main Street, Summerland — photo 239917 Main Street, Summerland — photo 24
1/24
For Sale · Hospitality

9917 Main Street, Summerland

9917 Main Street, Summerland, BC V0H1Z0

$180,000 total

—

Asset Class

Hospitality

Size

—

Building class

A

Zoning

CHY — Highway Corridor

$ / SF

—

Occupancy

91%

About this property

Downtown location on Main St, Steps from Memorial park and Veterans square. Spacious restaurant set up and currently operating as Japanese/Asian cuisine. Generous area for customers and dining in space, lobby for set up for take out & also patio at front of building, 2 washrooms, good storage, Large rear open parking area for staff. This is a Business sale the building is not included. I Guide with listing for floor plan and tour. Call today to view (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$180K
Down payment30% · $54K
Interest rate6.25%
Amortization25 years
Occupancy91%
Expense growth2.5%

Monthly debt service

$831

Projected NOI

$11K

Annual cash flow

$538

Cash-on-cash

1.00%

DSCR

1.05

Going-in cap

5.84%

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

83,658

Households

37,604

Median income

$110,500

Median age

44.6

Daytime population

88,389

5-yr growth

7.1%

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

Secure deal room

Confidential diligence documents for 9917 Main Street, Summerland.

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.