For Sale · Hospitality

200 Washington AVENUE, Hanley

200 Washington AVENUE, Hanley, SK S0G2E0

$239,000 total

6,000 SF

Asset Class

Hospitality

Size

6,000 SF

Building class

A

Zoning

CB2 — Central Business

$ / SF

$40

Occupancy

82%

Year Built

1905

Lot Size

0.46614646464646464 ac

About this property

Just 45 minutes from Saskatoon, this exceptional 6000 sq ft, two-storey commercial property in the Town of Hanley offers a rare opportunity to acquire the building, land and a fully operational restaurant-bar business with diverse revenue streams and strong community roots. The main floor features the only Canadian-style restaurant bar in Hanley, equipped with a restaurant liquor permit (minors allowed 11 a.m.–10 p.m.), off-sale liquor permit, tobacco permit, 6 VLTs, 1 ATM, pool table, kickboxing machine, and jukebox, with seating capacity for 100 guests plus an inviting covered outdoor patio. A spacious 18' × 12' walk-in cooler, fully outfitted commercial kitchen, and a 20' × 24' single attached rear garage add to operational efficiency for the owner or manager. The second floor provides extensive accommodation, including one guest suite with kitchen and private bath, five guest rooms with individual sinks, two shared bathrooms with shower stalls, and a storage room. The opposite side of the upper level features an owner’s suite, an office, and a versatile flex room suitable as an additional office, guest room, or manager’s room. The building is heated by a natural-gas floor-model furnace with forced air and cooled by wall A/C units in select areas. Hanley draws steady traffic with amenities such as a hockey rink, golf course, nearby horse racing, and a regional high school, while the business benefits from loyal patrons, including local residents, sports fans, and families from provincial football and youth hockey leagues. The current owner actively supports local sports and is willing to stay for training, making this a smooth transition for the next operator of this thriving multifaceted establishment. (id:66811)

Financial sandbox

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Estimate
Purchase price$239K
Down payment30% · $72K
Interest rate6.25%
Amortization25 years
Occupancy82%
Expense growth2.5%

Monthly debt service

$1K

Projected NOI

$10K

Annual cash flow

$-3K

Cash-on-cash

-3.99%

DSCR

0.78

Going-in cap

4.34%

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 Physiotherapy2,721 SF2027-12
Lakeview Physiotherapy1,221 SF2027-12
Lakeview Physiotherapy540 SF2027-12
Lakeview Physiotherapy443 SF2027-12

Area demographics

Trade area within 3 miles of the property.

Population

118,163

Households

44,636

Median income

$102,000

Median age

44.8

Daytime population

171,563

5-yr growth

8.2%

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

Secure deal room

Confidential diligence documents for 200 Washington AVENUE, Hanley.

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.