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Business For Sale · Retail

4926 50 Avenue, Vermilion

4926 50 Avenue, Vermilion, AB T9X1A4

Price on request

1,492 SF

Asset Class

Retail

Size

1,492 SF

Building class

C

Zoning

CNC — Neighbourhood Commercial

$ / SF

—

Occupancy

88%

Year Built

1933

Lot Size

0.08264462809917356 ac

About this property

Prime Downtown location. Most recently operated as a bakery and bistro, the space is well suited for a restaurant, café, bakery, deli, retail shop, office, or other commercial use. The layout includes customer seating for approximately 40, a commercial kitchen area with wash station, and a walk-in cooler. Located right on Vermilion’s Main Street, the property offers excellent visibility and convenient access to the downtown business core. Vermilion is an active agricultural community located along Highway 16 and is home to Lakeland College. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$74K

Annual cash flow

$-10K

Cash-on-cash

-2.11%

DSCR

0.89

Going-in cap

4.91%

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.

Rent roll (estimated)

TenantAreaExpiry
Lakeview Physiotherapy491 SF2032-02
Lakeview Physiotherapy400 SF2032-01
Lakeview Physiotherapy400 SF2032-02
Lakeview Physiotherapy400 SF2032-02

Area demographics

Trade area within 3 miles of the property.

Population

100,326

Households

39,248

Median income

$117,500

Median age

36.1

Daytime population

121,533

5-yr growth

8.7%

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

Secure deal room

Confidential diligence documents for 4926 50 Avenue, Vermilion.

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.