2002 20 AVE

Bowden, AB, T0M 0K0
MLS® #: CA0153768

$390,000

Business Type: Retail

Date Listed: Sat, Dec 29, 2018

Property Tax: $4,000 (2018)

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2002 20 AVE

Bowden, AB, T0M 0K0
Ivan Busenius, RE/MAX real estate central alberta - Red Deer
MLS® #: CA0153768

$390,000

5198 sqft|Retail

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Property Description

5 unit commercial strip mall , 5 units vary in size from 850 to 1350 sq.ft.. Each unit has its own furnace, water heater and storefront doors, all separately metered for gas and power.. many past uses including pizza restuarant. At present 2 units are vacant but landlord is in the process of negotiating with tenants. The occupied units include a drugs store, second hand furniture store and a thrift store.. Long term lease on the drug store... when fully occupied gross income should be $ 48,000/ year on a NNN basis, which will return a cap rate in excess of 10%. This is a great investment opportunity to own a small strip mall at a steal of a price..

Ivan Busenius, RE/MAX real estate central alberta - Red Deer

Details

Property Type: Commercial
Property Tax: $4,000 (2018)
Fees: na
Last Updated: Sat, December 29, 2018
Business Type: Drugs/Cosmetics, Furniture/Household, Hardware, Accommodation/Food Services, Beauty/Hair, Convenience Store, Grocery, Retail
Possession: Immediate
Property Sub Type: Retail
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All information displayed is believed to be accurate but is not guaranteed by Central Alberta REALTORS® Association and should be independently verified. No warranties or representations of any kind are made. Copyright© 2019 Central Alberta REALTORS® Association. All Rights Reserved.

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RE/MAX real estate central alberta - Red Deer

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Introduction to Investing in Commercial Real Estate

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All information displayed is believed to be accurate but is not guaranteed by Central Alberta REALTORS® Association and should be independently verified. No warranties or representations of any kind are made. Copyright© 2019 Central Alberta REALTORS® Association. All Rights Reserved.