Business For Sale · Retail

1630 Pandosy Street Unit# 101, Kelowna

1630 Pandosy Street Unit# 101, Kelowna, BC V1Y1P7

Price on request

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Asset Class

Retail

Size

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Building class

A

Zoning

CB1 — Low Intensity Business

$ / SF

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Occupancy

96%

About this property

DOWNTOWN KELOWNA | FULLY FURNISHED & EQUIPPED COCKTAIL LOUNGE SPACE | $500K+ IN IMPROVEMENTS: Located in the heart of Downtown Kelowna on vibrant Pandosy Street, this exceptional 1,350+ sq. ft. commercial space is situated within a highly desirable, character-rich Worman-built building. Featuring over $500,000 invested in an impressive, professionally designed cocktail lounge buildout, this beautifully finished space presents an outstanding opportunity for a hospitality operator to launch a new concept without the substantial expense, time, and challenges associated with building from scratch. Boasting excellent street presence, strong pedestrian traffic, and outstanding visibility, the premises feature high-quality finishes, a sophisticated interior, and an inviting atmosphere. All existing furnishings, fixtures, and equipment are included in the lease, offering a rare opportunity for a new operator to establish a cocktail lounge, wine bar, or similar hospitality concept with significantly reduced startup costs. Alternatively, the versatile layout and prime downtown location provide excellent potential for a variety of other permitted commercial uses. Position your business in one of Kelowna's most vibrant downtown locations, surrounded by established restaurants, retail shops, and amenities. THE PREVIOUS BUSINESS HAS CLOSED. THIS IS A PREMISES-ONLY LEASE OPPORTUNITY, NOT THE SALE OR TRANSFER OF AN EXISTING BUSINESS. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy96%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$84K

Annual cash flow

$775

Cash-on-cash

0.17%

DSCR

1.01

Going-in cap

5.59%

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

65,409

Households

23,843

Median income

$82,500

Median age

41.3

Daytime population

95,370

5-yr growth

1.6%

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

Secure deal room

Confidential diligence documents for 1630 Pandosy Street Unit# 101, Kelowna.

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.