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725 9th, Town Centre_Canmore, Canmore, Alberta

$1,299,000

725 9th, Town Centre_Canmore, Canmore, Alberta T1W2V7
RE/MAX ALPINE REALTY - MLS® ID: C4128471

Property Details

725 9th, Town Centre_Canmore, Canmore, Alberta T1W2V7 - There is very good income potential with this two storey commercial building in a great location in the heart of Canmore on a 6,600 sqft (50 feet x132 feet) lot. The building is now used as a restaurant and a 3bed, 2bath suite upstairs. The restaurant area is 1,719 sqft; the apartment has ca. 1,575 sqft. Restaurant and suite are connected by a staircase, but there is also a direct entrance to the suite. Restaurant space and the apartment are presently leased to the same lessee with a 5 years fixed lease remaining on the lease, providing a steady income flow with a good cap rate. The real value however lies in the potential by adding to the existing building and doubling the commercial /residential space or by tearing down the building and redeveloping into a modern 2 or 3 storey commercial complex w. 10th street access. Build two luxury residential units on top and make money to develop extra commercial space on the first and second level! A rare bargain for this huge potential!

Amenities

  • PostalT1W2V7
  • StatusActive
  • Purchase Type
  • Property typeRetail
  • Year built1985
  • Lot size0
  • Office ID54686
  • Agent ID1446137
  • Agent nameRaymond Anthony
  • MLS® IDC4128471

Broker: RE/MAX ALPINE REALTY

Listing Courtesy of RE/MAX ALPINE REALTY

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