Property overview
Commercial opportunity in Innisfail
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. (id:66954)
Property details
- Property Type
- Commercial
- Property Sub Type
- Office
- Transaction Type
- For Sale
- Listing Status
- Active
- List Price
- $410,000
- Building Type
- Offices
- Total Building Area
- 2,357 sq. ft.
- Year Built
- 1967
- Zoning
- CB
Community
Downtown Innisfail (Innisfail)
Information is provided for general reference and is subject to confirmation. Live listing data is supplied through REALTOR.ca DDF®.