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$699,000 total
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Asset Class
Specialty
Size
—
Building class
C
Zoning
US — Urban Services
$ / SF
—
Occupancy
88%
Year Built
1982
Lot Size
0.37 ac
An incredible opportunity to revive a true Logan Lake favourite. The Black Bull Pub has long been a well-loved local gathering spot, and now it’s ready for its next chapter. Currently vacant, this property offers the chance to bring a staple business back to life or reimagine the space to suit your vision. The main floor features classic English-style decor, creating a warm and inviting atmosphere, along with a fully operational commercial kitchen equipped with two new deep fryers, dishes, and essential equipment to get up and running quickly. Two walk-in coolers provide ample storage for food and beverage service, making this an ideal setup for a pub, restaurant, or hospitality concept. Downstairs, the basement level opens the door to additional revenue streams or creative use. Whether you’re considering private event hosting, a local gym, or another complementary business, the flexibility here is a major asset. Both levels are equipped with his and hers bathrooms for convenience. Offered at an affordable price point, this is a rare chance to step into a recognizable location with strong community history and endless potential. Bring your ideas, bring your energy, and make it your own. Option for 1 year lease available. Contact Listing Agent for more information!!! (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$3K
Projected NOI
$39K
Annual cash flow
$141
Cash-on-cash
0.07%
DSCR
1.00
Going-in cap
5.56%
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.
Trade area within 3 miles of the property.
Population
128,638
Households
45,849
Median income
$97,500
Median age
45.8
Daytime population
130,809
5-yr growth
9%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 245 Ponderosa Avenue, Logan Lake.
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.