Commercial Real Estate for Sale in Peace River, Alberta $2,850,000

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Peace River (Alberta, CA - T8S 1R3)

$2,850,000

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Maxwell Challenge Realty

Russ Slemko

780-446-5385(Cell)

(780)444-8017(Fax)

Email Russ

Details

Address: 10118 100 Avenue

Type: Commercial

Style: Mixed Use, Commercial, Low Rise (2-4 stories)

Garage: "Total Parking: 29"

Year Built: 1984

MLS® #: A2020551

Description

Now available is a mixed use building with 26 titled units, 4 commercial spaces and 29 underground titled parking stalls all owned and controlled by one entity. There are 15 - 1 bed units and 11 2 - bed units with 4 of the 2 bed units furnished. There are 4 commercial spaces on the main floor with 2 currently leased to professional corporations, one an engineering firm the other a medical clinic, with a total rent of $3790 per month between the two commercial tenants - the remaining spaces are 1600 and 1900 sq ft approx and the commercial rents are all inclusive rents. The building is self managed by the owner and they are very particular in regards to tenants and currently have 3 vacant residential units that will be filled once a suitable tenant is found. This property is located in the down town area of Peace River and is within walking distance to all the amenities needed but the secure and heated underground parking is available for tenants as well if desired - this is one of the few buildings in this municipality with secure underground parking. There is revenue from parking, laundry, commercial rents and residential rents with a very good return. There is an upside to increase revenue with additional income from the 3 units and the 3500 sq ft of commercial space - potentially a 20%+ increase to the yearly revenue. In addition there is a small lot that supplies overflow parking off street for about 8-10 vehicles - great for visitors or additional vehicles

Highlights

▪ Exterior Finish: Construction Materials: Concrete, Wood Frame	▪ Exterior Finish: Foundation Details: Poured Concrete
▪ Heating: Forced Air, Hot Water, Natural Gas, Radiant	▪ Construction Materials: Concrete, Wood Frame
▪ Inclusions: Misc materials and equipment	▪ Parking Total : 29
▪ Roof: Asphalt Shingle

Brokered and Advertised by: Century 21 Town and Country Realty

P2#1382538144

Information is deemed to be correct but not guaranteed.

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