$2,850,000
FOR SALE

Commercial/Retail

Total Area: 26,600 ft2

10118 100 Avenue
Peace River, AB T8S 1R3

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 (id:47421)
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Listed By Century 21 Town and Country Realty
Data Provided By Grande Prairie & Area Association of REALTORS®
MLS® Listing Number A2020551
Last Updated Jan 10, 2024
Property Summary
Property Type Commercial/Retail

More like this:
Community Downtown
Price History

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Detailed Information
Total Area 26,600 ft2
Listing Contract Date 2023-01-20
Municipal ID 0026927367
Ownership Type Freehold
# of Parking Spaces 29
Plan 0221702
Property Type Other
Transaction Type For sale
Zoning Description Mixed Commercial/Residential
Building
Constructed Date 1984
Construction Material Poured concrete, Wood frame
Cooling Type None
Exterior Finish Concrete
Fire Protection Smoke Detectors
Foundation Type Poured Concrete
Heating Fuel Natural gas
Heating Type Forced air, Hot Water, Radiant heat
Size (Exterior) 26600 square feet
Total Finished Area 26600 sqft
Type Commercial Mix
Land
Total Size Unknown

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