FOR SALE: Multi Tenant mixed use building located on the corner of Edmonton Trail and 20th Avenue NE at high visibility intersection.
This 8,440 Sq. Ft. building has 5 commercial spaces on the main floor and 6 residential apartment rental units on the second floor.
4 of the 5 commercial spaces are currently tenanted, the 820 Sq. Ft. vacant unit is currently being marketed for lease. Current tenants are Dog Grooming & Spa, Cannabis Shop, Pizza Shop and Massage Therapy.
The residential apartment rental units are made up of two studio apartments and four, two bedroom apartments. All residential apartments are currently leased.
Projected Net income from residential apartments is $51,000.
Projected Net income commercial from commercial tenants is $140,000.
Electric heat for second floor.
Main floor has electric heat and A/C.
Roof may need to be replaced in near future – estimated cost is $125,000 but must be determined by the purchaser.
This is a rare opportunity to acquire a unique mixed use, multi tenant property on a high visibility intersection with excellent income and tremendous upside potential.
Call your favorite Realtor today for more information.
Address
2101 Edmonton Trail
List Price
$2,800,000
Property Type
Commercial
Type of Dwelling
Retail
Transaction Type
Sale
Area
Calgary CC
Sub-Area
Tuxedo Park
Lot Size
7526 Sq. Ft.
Year Built
1952
MLS® Number
A2290933
Listing Brokerage
Manchester Properties Inc.
Postal Code
T2E3M4
Zoning
C-N1
