For Sale · Specialty

245 Ponderosa Avenue, Logan Lake

245 Ponderosa Avenue, Logan Lake, BC V0K1W0

$699,000 total

—

Asset Class

Specialty

Size

—

Building class

C

Zoning

US — Urban Services

$ / SF

—

Occupancy

88%

Year Built

1982

Lot Size

0.37 ac

About this property

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)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$699K
Down payment30% · $210K
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

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.

Area demographics

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.

Secure deal room

Confidential diligence documents for 245 Ponderosa Avenue, Logan Lake.

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.