103 2nd Ave - Restaurant FOR SALE


Strathmore, AB T1P 1B3
$600,000 CAD
825-305-1203
103 2nd Ave, Strathmore, AB for Sale
$600,000 CAD
Restaurant - FOR SALE
1/2
null | 9% Cap Rate

103 2nd Ave
Strathmore, AB T1P 1B3


HIGHLIGHTS

  • Ideal location across from city hall
  • Close to many different retail shops
  • Central Business District

OVERVIEW

An ideal location across from City Hall Strathmore, this is a featured 2500 sq ft space, currently running as a 65-seat Chinese restaurant. The unit is equipped with a full commercial kitchen on site for all your needs, and is currently serving Asian and Western food. The property is zoned as CB - Central Business District, and permitted uses include but are not limited to bed & breakfast, government service, health services, liquor store, personal service building, retail stores and convenience. The space is currently leased out to a steady client, with a recent lease signed for 5 years. The lease was signed for $5,000 per month inclusive of property taxes. As this is a standalone building, property tax is as low as it can be!

FOR SALE DETAILS

PRICE

$600,000 CAD

PRICE/SF

$240 CAD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1933

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

CB

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Phil YanGrand Realty & Management Ltd.More Info
825-305-1203

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Phil YanGrand Realty & Management Ltd.More Info
825-305-1203

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.