1876-1880 PARK STREET, Agassiz, Agassiz
1876-1880 PARK STREET, Agassiz, Agassiz, BC V0M1A0
$1.3M total
—
Asset Class
Retail
Size
—
Building class
A
Zoning
CNC — Neighbourhood Commercial
$ / SF
—
Occupancy
89%
Year Built
1947
Lot Size
0.1 ac
About this property
Rare opportunity to acquire 1876 & 1880 Park St. in Agassiz, offering CT2 "“ Town Centre Commercial and Residential zoning with multiple permitted uses and excellent redevelopment potential. The property currently includes a fully equipped commercial kitchen, which is owner-operated as an established restaurant business, providing an opportunity to continue the existing use while exploring future options. CT2 zoning offers flexibility for a variety of commercial uses, with opportunities for multiple-dwelling residential development, subject to District approvals. Centrally located beside Municipal Hall and the Public Library, with schools, shopping and other amenities nearby. Ideal for investors, owner-users or developers looking to unlock the site's long-term potential. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$6K
Projected NOI
$65K
Annual cash flow
$-7K
Cash-on-cash
-1.89%
DSCR
0.90
Going-in cap
4.97%
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
60,021
Households
27,489
Median income
$102,000
Median age
31.6
Daytime population
63,996
5-yr growth
2.4%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 1876-1880 PARK STREET, Agassiz, Agassiz.
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.