125 Main ST North Active Save Request In-Person Tour Request Virtual Tour
Airdrie,AB T4B 0R8
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Subdivision Downtown
MLS Listing ID A2172159
Year Built 1984
Property Description
This is an excellent opportunity for a savvy investor to acquire the Airdrie Town Centre: a prime investment opportunity within the ‘Downtown Revitalization Plan Area’ making it a very desirable property to own in the short and long term.
This property is located on Main Street with great curb appeal, drive by visibility, on site parking (59 stalls) and a brand-new elevator (2023) servicing the second floor.
This building is 97% occupied with only one vacancy of 900 sq. ft. which the owner is actively marketing for lease. The property is tenanted by quality tenants with 74% of the building leased until March of 2033.
Current Net Rental income is $612,600 + amortization recovery of $47,900 which equals Total Net Revenue of $660,400 for 2024. Total Net Revenue is projected to increase to $673,800 in 2025 and over the next ten years is a projected average of $718,800 per annum.
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Location
Province AB
County Airdrie
Zoning M3
Interior
Heating Floor Furnace,Forced Air,Natural Gas
Cooling Central Air
Exterior
Roof Type Tar/Gravel
Accessibility Accessible Elevator Installed
Total Parking Spaces 59
Building
Dwelling Type Mixed Use
Others
Restrictions Call Lister
Tax ID 56466188