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Peace River,AB T8S1S4
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Downtown
MLS Listing ID A2170860
Year Built 1973
Property Description
Here is a great opportunity for the astute investor!!! This building is completely occupied with a diverse group of quality tenants and all are in 3 or 5 year leases with the majority of the tenants only a few month into the lease. The main floor with ground level access both front and back has 3 long term tenants occupying approx 6400 +/- sq ft with the remainder storage, bathrooms or stairway. The lower lever has a non profit organization renting approx 5000 sq ft with the balance storage space. The NPO also allows the property to receive a tax credit of approx $5600 per year. There are 4 - 2 piece bathrooms throughout and 1 - 3 piece bathroom along with a kitchen area that is part of one tenants space. There has been many upgrades over the past few years and the building has an a net operating income that easily allows standard debt servicing and creating a reserve for future maintenance, repairs and upgrades
Location
State AB
County Peace No. 135, M.d. Of
Zoning Commercial
Interior
Inclusions NA
Exterior
Roof Type Flat Torch Membrane
Building
Dwelling Type Multi Unit
Foundation Poured Concrete
Others
Restrictions None Known
Tax ID 56570163