725 9th, Town Centre_canmore, Canmore, Alberta T1W 2V7 (18416326)

725 9th, Town Centre_canmore - Canmore, Alberta T1W 2V7

$1,299,000.00


LOADING

There is very good income potential with this two storey commercial building in a great location in the heart of Canmore on a 6,600 sqft (50 feet x132 feet) lot. The building is now used as a restaurant and a 3bed, 2bath suite upstairs. The restaurant area is 1,719 sqft; the apartment has ca. 1,575 sqft. Restaurant and suite are connected by a staircase, but there is also a direct entrance to the suite. Restaurant space and the apartment are presently leased to the same lessee with a 5 years fixed lease remaining on the lease, providing a steady income flow with a good cap rate. The real value however lies in the potential by adding to the existing building and doubling the commercial /residential space or by tearing down the building and redeveloping into a modern 2 or 3 storey commercial complex w. 10th street access. Build two luxury residential units on top and make money to develop extra commercial space on the first and second level! A rare bargain for this huge potential!

Property Details

Listing ID C4128471
Features Visual Exposure, Flat
Plan 1095f

Building

Constructed Date 1985
Fireplace Present No

Land

Acreage No
Size Irregular 6600.00 Sqm
Size Total Text 6600.00 Sqm

http://www.icx.ca/PropertyDetails.aspx?PropertyId=18416326

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