Here is a great opportunity for the astute investor!!! This building is completely occupied with a diverse group of quality tenants and all are in 3 or 5 year leases with the majority of the tenants only a few month into the lease. The main floor with ground level access both front and back has 3 long term tenants occupying approx 6400 +/- sq ft with the remainder storage, bathrooms or stairway. The lower lever has a non profit organization renting approx 5000 sq ft with the balance storage space. The NPO also allows the property to receive a tax credit of approx $5600 per year. There are 4 - 2 piece bathrooms throughout and 1 - 3 piece bathroom along with a kitchen area that is part of one tenants space. There has been many upgrades over the past few years and the building has an a net operating income that easily allows standard debt servicing and creating a reserve for future maintenance, repairs and upgrades
MLS# | A2170860 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Active |
Year | 1973 |
Days On Site | 100 |
Listing Provided By | Century 21 Town and Country Realty | Andy Gauvreau |
SQ Feet | 6,600 |
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Zoning | Commercial |
State | AB |
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County | Peace No. 135, M.D. of |
City | Peace River |
Zip Code | T8S1S4 |
Area | Peace No. 135 | M.d. Of |
Community Name | Downtown |
Listing VS Median (in Downtown) | |
Price: $675,000 low | high Med: $135,000 SqFt: 6,600 low | high Med: 498 $ / SqFt: $102 low | high Med: $271 On Site: 100 low | high Med: 66.000000 |