Business For Sale · Land

Central Avenue Lot# 1, Grand Forks

Central Avenue Lot# 1, Grand Forks, BC V0H1H2

$199,000 total

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Asset Class

Land

Size

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Building class

B

Zoning

UR — Urban Reserve

$ / SF

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Occupancy

94%

Lot Size

0.25 ac

About this property

Prime commercial opportunity in one of Grand Forks’ most visible and high-traffic locations! Two lots available side-by-side. Each lot is 10,750 sq. ft. (or ¼ acre each, total of ½ an acre) of Highway Commercial (HC) exposure along Highway 3, across from Kal Tire and just a short walk to Extra Foods, McDonald’s and other established businesses. City water and sewer connections available from the back alley. Whether you’re looking to build retail, office, service commercial, or another permitted commercial use, this property offers exceptional potential in a growing commercial corridor. Looking for an even bigger opportunity? The adjacent lot is also available for purchase, giving buyers the change to secure a larger footprint at a better overall value. Invest, develop, or expand your business in a location that offers excellent visibility, easy access, and endless possibilities. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$199K
Down payment30% · $60K
Interest rate6.25%
Amortization25 years
Occupancy94%
Expense growth2.5%

Monthly debt service

$919

Projected NOI

$9K

Annual cash flow

$-2K

Cash-on-cash

-3.21%

DSCR

0.83

Going-in cap

4.58%

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

86,751

Households

30,441

Median income

$110,500

Median age

35

Daytime population

108,966

5-yr growth

7.4%

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

Secure deal room

Confidential diligence documents for Central Avenue Lot# 1, Grand Forks.

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.