$695,000.00 4,421 Sq.ft

515 1 Street SW, High River. T1V 1M5

Description

Downtown High River commercial building with two separate rental units. Built in 1945 but completely refurbished in 2014. Cinder block and brick construction with a flat membrane roof covered with built up tar and gravel. The effective age is estimated at 10 years with a 50 year life expectancy. Street parking and parking lot next door owned by Town of High River for free customer and client. Owner occupied wishing to lease back from buyer for one year in bay #1. Tenant in bay#2 has lease in place. Call for financial details on revenue and expense shows a 7% cap rate.

Listing Information

Prop. Type:Commercial
Status:Active
MLS #:A2049303
City:High River
Neighbourhood:Downtown High River
Province:Alberta
Building/Unit Size: 4,421 sq.ft
Land Size:0.12 Acre
Listing Price:$695,000.00
Lease Rate: $0.00
Business Type:
Property Subtype:Office
Transaction Type:For Sale
Land Use Code:CBD
Listing Contract Date:2023-05-30

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This listing is presented by CENTURY 21 BRAVO REALTY, courtesy of "CENTURY 21 FOOTHILLS REAL ESTATE" listing brokerage.

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