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For Sale · Hospitality

3445 Okanagan Street Unit# 3385, Armstrong

3445 Okanagan Street Unit# 3385, Armstrong, BC V4Y0B8

$949,900 total

—

Asset Class

Hospitality

Size

—

Building class

C

Zoning

CHY — Highway Corridor

$ / SF

—

Occupancy

83%

Year Built

1917

Lot Size

0.29 ac

About this property

The iconic Branding Iron Pub commercial building in the heart of Armstrong. With the Anchor Inn currently closed this is an excellent opportunity for somebody! Currently under lease until Dec 2026 and being run as The Branding Iron. Potential for future development with 2 titles and central location with loads of history. Would make for an incredible brew pub that would succeed very well. Long list of upgrades including full sprinkler system, electrical, furnace etc... Legal living quarters in the basement. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$950K
Down payment30% · $285K
Interest rate6.25%
Amortization25 years
Occupancy83%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$50K

Annual cash flow

$-3K

Cash-on-cash

-0.92%

DSCR

0.95

Going-in cap

5.27%

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

41,892

Households

19,601

Median income

$95,000

Median age

31.6

Daytime population

40,621

5-yr growth

6.4%

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

Secure deal room

Confidential diligence documents for 3445 Okanagan Street Unit# 3385, Armstrong.

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.