Canada Commercial Realty

C.403.680.6130 | francislee@canadacommercialrealty.ca

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Listing Serial No.

FO1759194701

Price

$6,150,000

Description

DESCRIPTION: Fully leased out ( 4 tenants) commercial building with   1.94 Acres.

There is enough space to build   apartment or hotel at this vacant land

SITE AREA: 1.94 Acres

SIZE OF BUILDING: Gross building size 15,513 square feet

ZONEING: C4 COMMERCIAL DISTRICT

AGE: It was built in 1962 and the most recent significant occurring in 1998/1999 ,2005 ,2008 and 2014.                         

NET  RENTAL INCOME :  $374,524

Fully leased out 3 tenants (Japanese restaurant, Bakery & café and Bar & Lounge) with 1.94 Acres ( C4 – Major Arterial Commercial Zone) and the extra land offers excellent potential for new development (apartment complex, rental condominium, professional for the Medical centre etc.)  with underground parking. The site’s natural gradient provides an optimal foundation for the development of walkout basements and subterranean facilities.  It is strategically located near XXX XXX  Hospital and benefits from proximity to the XXX XXX  Regional Hospital Centre Redevelopment — one of Alberta’s largest healthcare infrastructure investments. The building was constructed in 1962, with significant renovations completed in 1998–1999, 2005, 2008, and 2014. ( net rental income: $374,524)

C4 – Major Arterial Commercial Zone Overview

This zone is designed to accommodate high-traffic commercial developments along major roadways. It typically supports businesses that benefit from visibility and accessibility.

  • Permitted Uses: Retail stores and service shops, Restaurants and cafes, Hotels and motels, financial institutions, Medical and professional offices, Automotive sales and service
  • Discretionary Uses (subject to approval): Drive-through facilities, Entertainment venues, Large-format retail, Mixed-use buildings (commercial with residential above)

 

 

CONFIDENTIALITY AGREEMENT

    RE :

    I hereby acknowledge that information regarding above business(es) and /or Seller(s) is being provided to me SECRECY and CONFIDENCE and is to be used solely for the purpose of assessing the prospective purchase of the business(es) or property through Maxwell Canyon Creek Realty Francis Lee.

    I agree that such information will be held in strict confidence, that all matters concerning the a aforementioned property will be handled through Maxwell Canyon Creek Realty Francis Lee, that I will not approach or attempt to deal with the owners or employees either directly or indirectly.

    I agree not to disclose any of the information given in connection herewith, either directly, or indirectly, to third parties, except direct support people; nor will I use, or assist others to use, any such information for competitive trade purpose or to circumvent Maxwell Canyon Creek Realty in any transaction or contact with the Seller(s). I agree not to make copies any of the material provided and to return all of it if I discontinue interest in the Business. The material and information furnished is believed to be reliable for the purpose of evaluating the business.
    Further, I agree that all inquires, investigations, negotiations, offers to purchase, and/or letters of intent must be made through Maxwell Canyon Creek Realty Francis Lee. I agree to protect and not disclose the confidentiality of the information I receive permanently, even if I choose not to purchase the said business or property.

    I agree that any breach of the Confidential Agreement (the “Agreement”), directly or indirectly, will be harmful to the Seller(s) and Maxwell Canyon Creek Realty . In consideration for the information given, I agree that the laws of Alberta will govern this Agreement and that all actions that may arise in law and or equity shall be brought in Alberta.

    Accepted and agreed this .