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$10,880,000
27,443 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Rent
Square Footage 27,443 sqft
Subdivision Downtown
MLS Listing ID A2172159
Year Built 1984
Property Sub-Type Retail
Property Description
This is an excellent opportunity for a savvy investor to acquire the Airdrie Town Centre: a prime investment opportunity within the ‘Downtown Revitalization Plan Area' making it a very desirable property to own in the short and long term.
This property is located on Main Street with great curb appeal,drive by visibility,on site parking (59 stalls) and a brand-new elevator (2023) servicing the second floor.
This building is 100% occupied with only one vacancy of 900 sq. ft. which the owner is actively marketing for lease. The property is tenanted by quality tenants with 74% of the building leased until March of 2033.
Current Net Rental income is $622,750 + amortization recovery of $57,800 which equals Total Net Revenue of $680,600 for 2025. Over the next ten years the total net revenue is projected to average $737,900 per annum.
Click the link below to download the brochure!
This property is located on Main Street with great curb appeal,drive by visibility,on site parking (59 stalls) and a brand-new elevator (2023) servicing the second floor.
This building is 100% occupied with only one vacancy of 900 sq. ft. which the owner is actively marketing for lease. The property is tenanted by quality tenants with 74% of the building leased until March of 2033.
Current Net Rental income is $622,750 + amortization recovery of $57,800 which equals Total Net Revenue of $680,600 for 2025. Over the next ten years the total net revenue is projected to average $737,900 per annum.
Click the link below to download the brochure!
Location
Province AB
Zoning M3
Direction N
Interior
Heating Floor Furnace, Forced Air, Natural Gas
Cooling Central Air
Fireplace No
Exterior
Roof Type Tar/Gravel
Accessibility Accessible Elevator Installed
Total Parking Spaces 59
Garage No
Building
Dwelling Type Mixed Use
Others
Restrictions Call Lister
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Listed by Manchester Properties Inc.
NEARBY SCHOOL & BUSINESS
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