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$ 1,999,900
Est. payment | /mo
4,427 SqFt
$ 1,999,900
Est. payment | /mo
4,427 SqFt
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 4,427 sqft
Price per Sqft $451
Subdivision Downtown
MLS Listing ID A2279070
Year Built 1970
Lot Size 6,969 Sqft
Acres 0.16
Property Sub-Type Retail
Property Description
Discover the potential with this commercial property nestled in the vibrant and growing town of Cochrane. Offering a generous 4,427 square feet, this historic site currently hosts a happy trifecta of long-standing tenants: a bustling beauty salon, a charming shoe store, and a well-stocked large bookstore. All tenants have a solid track record of over a decade and have expressed eagerness to renew their leases. With an appealing 6.2% cap rate, this property not only provides immediate, stable cash flow but also offers exciting prospects for future development. The zoning allows for a variety of uses, making it adaptable to changing business landscapes or increasing community needs. Strategically positioned, the property puts you within short walking distances to key community spots. It's a hop away from the Cochrane High School and a skip to the M&M Food Market. Also, the picturesque views at Cochrane Park are just a stone's throw away, ensuring you're never far from a relaxing natural retreat. This downtown gem is perfect for investors looking to capitalize on Cochrane's growth while securing a property steeped in community history. Whether you're looking to maintain its current uses or explore new opportunities, this commercial space offers a foundation ripe with potential.
Location
Province AB
Zoning C-HD
Direction W
Interior
Fireplace No
Exterior
Garage No
Building
Dwelling Type Retail
Others
Restrictions Historic Site
Listed by eXp Realty
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Kim Avery
Agent
67 Valley Ridge Green NW. Calgary, AB. T3B 5L5, Calgary, Alberta, T3B 5L5, CAN