1/21664 Richter Street, Kelowna
1664 Richter Street, Kelowna, BC V1Y8N3
$279,000 total
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Asset Class
Specialty
Size
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Building class
C
Zoning
US — Urban Services
$ / SF
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Occupancy
97%
About this property
Rare opportunity to acquire a well-established, independent pizza operation in one of Kelowna's highest-traffic neighborhoods. This non-franchise concept gives the next owner full flexibility — keep the existing menu, which features pizza, burgers, and much more, along with the loyal customer base, or bring your own recipes and brand vision. Surrounded by a strong residential community with consistent foot traffic, the location speaks for itself. Serving the community since 2019. Whether you're an experienced operator or an entrepreneur entering the food industry, this turnkey setup offers a solid foundation with real upside. Financial details available upon execution of a signed NDA. Contact listing agent for more information. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$1K
Projected NOI
$18K
Annual cash flow
$3K
Cash-on-cash
3.20%
DSCR
1.17
Going-in cap
6.50%
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
72,786
Households
33,067
Median income
$100,000
Median age
31.9
Daytime population
117,573
5-yr growth
6.4%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 1664 Richter Street, Kelowna.
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.