REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 410,000
Est. payment | /mo
2,357 SqFt
$ 410,000
Est. payment | /mo
2,357 SqFt
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 2,357 sqft
Price per Sqft $173
Subdivision Downtown Innisfail
MLS Listing ID A2330005
Year Built 1967
Lot Size 2,613 Sqft
Acres 0.06
Property Sub-Type Office
Property Description
Rare fully-occupied investment offering in downtown Innisfail. This 2,357 SF freestanding building sits on a high-visibility corner lot at the west entrance to town on Main Street,with three-sided signage exposure. Occupied by the Alberta Government under a licence agreement generating $32,400/year (7.9% cap rate at asking),with scheduled increases to $34,800/year by 2028/29. Property tax partially exempt while government-occupied,keeping carrying costs low for ownership. Recent capital investment includes ~$100,000 in renovations and two HVAC units being replaced new ahead of listing,removing near-term capital risk for a new owner. A low-maintenance,essential-service tenant hold,priced to reflect current small-town Alberta cap rates.
Location
Province AB
County 0263
Zoning CB
Interior
Fireplace No
Exterior
Garage No
Building
Dwelling Type Low Rise (2-4 stories)
Others
Restrictions None Known
Listed by Century 21 Maximum
Schools and Properties Nearby
Find out why customers are choosing LPT Realty to meet their real estate needs
Learn More About LPT Realty