1/25433 2 Avenue, Bassano
433 2 Avenue, Bassano, AB T0J0B0
$250,000 total
3,088 SF
Asset Class
Industrial
Size
3,088 SF
Building class
C
Zoning
IL — Light Industrial
$ / SF
$81
Occupancy
92%
Year Built
1971
Clear height
35 ft
Loading docks
8
About this property
PRIME LOCATION... If you are looking to operate your business in Bassano Alberta you will want to view this property. This is a unique property with the former Broaster Chicken Restaurant in the front and Mechanic shop in the back. Seller is selling the kitchen equipment with the building as well as the car lift in the back. This building has 3 over head doors one of which is a 10' door and 2 are 12' doors. Some of the many permitted uses for this property are Bar / Lounge, Minor Retail, Mixed use building, Restaurant Commercial School. Please see photos for a list of the Permitted and Discretionary uses. Call your Favorite Real Estate Professional to make arrangements to view this property. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$1K
Projected NOI
$15K
Annual cash flow
$1K
Cash-on-cash
1.74%
DSCR
1.09
Going-in cap
6.06%
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)
| Tenant | Area | Expiry |
|---|---|---|
| Lakeview Physiotherapy | 1,427 SF | 2031-07 |
| Lakeview Physiotherapy | 711 SF | 2031-07 |
| Lakeview Physiotherapy | 400 SF | 2031-07 |
| Lakeview Physiotherapy | 400 SF | 2031-07 |
Area demographics
Trade area within 3 miles of the property.
Population
113,192
Households
50,108
Median income
$76,500
Median age
42.8
Daytime population
144,664
5-yr growth
3.7%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 433 2 Avenue, Bassano.
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.