125 Main ST North Active

Airdrie,AB T4B 0R8

$ 10880000

- Bed

- Bath

- SqFt


Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Subdivision Downtown

MLS Listing ID A2172159

Year Built 1984

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 97% 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 $612,600 + amortization recovery of $47,900 which equals Total Net Revenue of $660,400 for 2024. Total Net Revenue is projected to increase to $673,800 in 2025 and over the next ten years is a projected average of $718,800 per annum.
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Location

Province AB

County Airdrie

Zoning M3

Interior

Heating Floor Furnace,Forced Air,Natural Gas

Cooling Central Air

Exterior

Roof Type Tar/Gravel

Accessibility Accessible Elevator Installed

Total Parking Spaces 59

Building

Dwelling Type Mixed Use

Others

Restrictions Call Lister

Tax ID 56466188

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