This 1980 Commercial building has been part of Castor businesses for years, with the CJ lounge-which is able to hold 75 patrons, the now coffee shop where all the important ideas are exchanged and debated over by the locals and visitors. It was and can be a restaurant again, with large walk in freezers, grill ,fryer, hood and warming islands , coolers and stand alone coolers. The business has added The Castor Liquor Store to its location and serves a wide variety of spirits. The former restaurant has the full line of equipment still available and is looking for the next owner to resurrect the once busy Tasty Mill Restaurant, hosting 71 seats. The property also houses a three bedroom and one bathroom suite attached to the building, either for the owners or a rental suite. A great opportunity for the next line of investors or a family run business that would serve the East Central Alberta area.
Essential information
MLS® number
A2289654
Status
Active
Price
$499,500
Property type
Commercial
Type
Mixed Use
Transaction
For Sale
Restrictions
None Known
Building area
6,000 sq ft
Lot size
17,250 sq ft
Year built
1980
Structure
Mixed Use
Listing brokerage
Sutton Landmark Realty
Source
Pillar 9™ MLS® System
Interior
Heating
Natural Gas
Included
SEE ATTACHED LIST
Exterior and construction
Construction
Brick, Concrete, Masonite, Metal Frame, Metal Siding
Roof
Metal
Foundation
Poured Concrete
Frontage
45.72M 150`0"
Zoning
C1
Services
Utilities
Electricity Connected, Natural Gas Connected, Fiber Optics at Lot Line, Garbage Collection, Phone Connected, Sewer Connected, Water Connected
Sewer
Public Sewer
Water
Public
Community
City
Castor
Province
AB
Postal code
T0C0X0
Where it is
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Approximate location, plotted from the listing’s own coordinates.
Business valuation calculator
SDE is what the business earns an owner who works in it — profit with the owner’s own pay, interest, depreciation and one-off costs added back. EBITDA leaves the owner’s pay in as a cost, because it assumes a manager does the job. Small businesses are usually priced on SDE and larger ones on EBITDA, and mixing them up is how a buyer overpays.
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46 photos$475,0004601 45 Street, Castor
