- Status:
- Active
- Prop. Type:
- Commercial
- MLS® Num:
- A2172159
- Build. Type:
- Commercial Mix
- Photos (6)
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This is an excellent opportunity for a savvy investor to acquire the Airdrie Town Centre: a prime investment opportunity within the ‘Downtown Revitalization Plan Area’ making it a very desirable property to own in the short and long term.
This property is located on Main Street with great curb appeal, drive by visibility, on site parking (59 stalls) and a brand-new elevator (2023) servicing the second floor.
This building is 97% occupied with only one vacancy of 900 sq. ft. which the owner is actively marketing for lease. The property is tenanted by quality tenants with 74% of the building leased until March of 2033.
Current Net Rental income is $612,600 + amortization recovery of $47,900 which equals Total Net Revenue of $660,400 for 2024. Total Net Revenue is projected to increase to $673,800 in 2025 and over the next ten years is a projected average of $718,800 per annum.
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- Property Type:
- Commercial
- Property Sub Type:
- Retail
- Transaction Type:
- For Sale
- Possession:
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- Possession Date:
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- Building Type:
- Commercial Mix, Low Rise (2-4 stories), Mixed Use, Office Building, Retail
- Total Building Area:
- 26,543 sq. ft.
- Lower Level Finished Area:
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- Above Grade Finished Area:
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- Taxes:
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- Tax Assessed Value:
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- HOA Fee Includes:
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- Acres Cleared:
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- Acres Cultivated:
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- Acres Irrigated:
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- Acres Leasehold:
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- Acres Not Cultivated:
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- Acres Freehold:
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- Acres Seeded:
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- Acres Tame Hay:
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- Acres Treed:
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- Acres Waste:
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- Acres Water Rights:
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- Reg. Size:
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- Reg. Size Includes:
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- Year built:
- 1984 (Age: 40)
- Bathrooms:
- - (Full:-, Half:-)
- Plan:
- S4000R
- Heating:
- Floor Furnace, Forced Air, Natural Gas
- Building Name:
- TOWN CENTRE
- Structure Type:
- Mixed Use
- Roof:
- Tar/Gravel
- Ensuite:
- No
- Cooling:
- Central Air
- Garage:
- 0
- Parking Places:
- 59.0
- Parking Total/Covered:
- 59 / -
- Downtown (Airdrie)
- N/A
- Call Lister
- Access To Property:
- On Major Traffic Route, Public Transportation Nearby, Two-Way Access
- Accessibility Features:
- Accessible Elevator Installed
- Num. of Parcels:
- 0
- Region:
- Airdrie
- Zoning:
- M3
- Listed Date:
- Oct 09, 2024
- Days on Mkt:
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Listed by Manchester Properties Inc.
Data was last updated October 18, 2024 at 08:05 PM (UTC)
- RE/MAX Complete Realty
- 1 (403) 930-8555
- Contact by Email