FULLY-LEASED, MIXED-USE COMMERCIAL PROPERTY

Located just a short drive away from the busy 15th Avenue retail corridor in Prince Albert, this investment property supports both commercial and residential tenants. The building has had major capital reinvestment, facade renovation and is priced at a competitive cap rate. This property has everything a small investor needs for their first purchase or an addition to their existing portfolio.

BUILDING SIZE
9,058 SF: Includes 2nd floor residential suite

LAND SIZE
0.45 acres

SALE PRICE
$650,000

PROPERTY TAXES (2020)
$10,942.04

OCCUPANCY COSTS
$4.50 PSF

NOI
$61,701.00

BUILDING DETAILS
• Built in 1962; additional upstairs apartment renos were completed in June 2021
• Freshly-renovated concrete building
• Unit heaters
• 13 FT ceiling in dance studio

LAND DETAILS
Corner lot with paved parking

PARKING
30 on-site surface stalls

TENANCY
Commercial tenants:
– Bold Dance Studio
– Genelle Amber Studios
– Blinds Boutique

Two residential tenants:
(Main floor bachelor suite and 2nd floor 3-BR residence)

ZONING
CMU – Commercial Mixed Use

LEGAL DESCRIPTION
Surface Parcel 202818742

POSSESSION
Immediate