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103 2nd Ave

2,500 SF 100% Leased Retail Building Strathmore, AB T1P 1B3 £336,604 (£135/SF) 9% Net Initial Yield

Restaurants Alberta Strathmore 103 2nd Ave, Strathmore, AB T1P 1B3

Investment Highlights

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

Executive Summary

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!

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,500 SF
Building Class
C
Year Built
1933
Price
£336,604
Price Per SF
£135
Net Initial Yield
9%
NOI
£30,294
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Zoning
CB - Central Business District
Frontage
22 ft on 2nd Ave
1 of 1
Walk Score ®
Very Walkable (75)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

CIBC
Scotiabank
Taco Time
Boston Pizza
Tim Hortons
RBC Royal Bank
Sobeys
No Frills
Loblaw
Original Joe's
(825) 305-1203

  • Listing ID: 31577923

  • Date on Market: 22/04/2024

  • Last Updated:

  • Address: 103 2nd Ave, Strathmore, AB T1P 1B3

The Retail Property at 103 2nd Ave, Strathmore, AB T1P 1B3 is currently available For Sale. Contact Grand Realty & Management Ltd. for more information.

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© 2024 CoStar Group

103 2nd Ave
(825) 305-1203 x

103 2nd Ave

Phil Yan

(825) 305-1203

(825) 305-1203

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